Description

BSE updates the list of securities under Short Term Additional Surveillance Measure framework with new inclusions and exclusions effective August 19, 2025.

Summary

BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 19, 2025. The circular provides three annexures detailing securities being added to, removed from, and continuing in the ST-ASM framework with stage changes.

Key Points

  • 7 new securities added to Short Term 5/15/30 Days ASM Framework
  • 5 securities moving out of ST-ASM Framework
  • No securities moving between ASM stages
  • Framework includes regular securities, SME scrips, and T+0 scrips
  • Consolidated list shows current ASM Stage I securities

Regulatory Changes

  • Short Term ASM framework updated with new security inclusions and exclusions
  • Securities marked with specific symbols indicating NSE coordination, SME status, or T+0 classification
  • Framework continues to operate on 5/15/30 day cycles

Compliance Requirements

  • Market participants must adhere to additional surveillance measures for listed securities
  • Enhanced monitoring and reporting requirements for securities under ST-ASM
  • Compliance with stage-specific trading restrictions and procedures

Important Dates

  • August 19, 2025: Effective date for all ST-ASM framework changes
  • All new inclusions and exclusions become operational from this date

Impact Assessment

  • Direct impact on trading activities for 12 securities (7 new inclusions, 5 exclusions)
  • Enhanced surveillance may affect liquidity and trading volumes for included securities
  • Market participants need to adjust trading strategies for securities under surveillance measures
  • Regular framework updates ensure market integrity and investor protection

Impact Justification

Regular surveillance framework updates affecting trading conditions for specific securities