Description
BSE announces updates to Long Term Additional Surveillance Measure framework with new securities added and existing securities moved between stages.
Summary
BSE has announced updates to the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 20, 2025. The circular details securities being added to LT-ASM, movements between different ASM stages, and securities moving out of the framework.
Key Points
- One new security added to LT-ASM Framework: Cargosol Logistics Ltd (543621)
- Jeena Sikho Lifecare Ltd moved to ASM Stage II within LT-ASM Framework
- Retina Paints Ltd (543902) removed from LT-ASM Framework
- No securities moved to Direct Stage IV LT-ASM Framework
- Consolidated list includes 18+ securities across different ASM stages
Regulatory Changes
- Enhanced surveillance measures applied to securities showing price volatility or other risk factors
- Securities under LT-ASM subject to additional margin requirements and trading restrictions
- Framework includes multiple stages (I, II) with varying levels of surveillance intensity
Compliance Requirements
- Trading members must ensure compliance with enhanced margin requirements for LT-ASM securities
- Additional surveillance measures include price bands, margin requirements, and monitoring
- Members must maintain adequate risk management for securities under surveillance
Important Dates
- Effective Date: August 20, 2025 - All LT-ASM framework changes take effect
Impact Assessment
- Investors in affected securities will face enhanced margin requirements and potential trading restrictions
- Securities under LT-ASM may experience reduced liquidity due to additional compliance requirements
- Market participants must adjust risk management strategies for listed securities
- Removal of Retina Paints from framework may improve its trading conditions
Impact Justification
Affects trading conditions for multiple securities under surveillance framework