Description

BSE implements Long Term Additional Surveillance Measure framework with securities moving in and out of surveillance effective August 19, 2025.

Summary

BSE has issued updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 19, 2025. The circular includes lists of securities being added to, continuing in, or moving out of the LT-ASM framework, along with stage movements within the surveillance system.

Key Points

  • Two new securities added to Long Term ASM Framework: Esaar India Ltd and Transpact Enterprises Ltd
  • One security (Decorous Investment & Trading Co Ltd) moving out of LT-ASM due to inclusion in GSM Framework
  • Comprehensive consolidated list of securities under various ASM stages provided
  • Framework includes multiple stages (I, II, III, IV) with different surveillance levels
  • Securities can move between stages or exit the framework based on various criteria

Regulatory Changes

Implementation of updated LT-ASM framework with revised security classifications and stage assignments. Securities are categorized based on trading patterns, volatility, and compliance with market regulations.

Compliance Requirements

  • Trading members must be aware of securities under LT-ASM framework
  • Enhanced monitoring and reporting requirements for listed securities
  • Compliance with stage-specific trading restrictions and surveillance measures
  • Regular review of security classifications and movements

Important Dates

  • Effective Date: August 19, 2025 - Implementation of updated LT-ASM framework
  • All changes to security classifications take effect from market opening on August 19, 2025

Impact Assessment

The LT-ASM framework impacts trading liquidity and market access for specified securities. Securities under surveillance may face additional trading restrictions, margin requirements, or monitoring. Market participants should adjust trading strategies accordingly for affected securities. The framework serves as a regulatory tool to maintain market integrity and protect investor interests.

Impact Justification

Affects specific securities under surveillance framework with trading implications