Description
BSE updates Short Term Additional Surveillance Measure framework with 11 securities added and 6 securities removed, effective August 25, 2025.
Summary
BSE has updated its Short Term Additional Surveillance Measure (ST-ASM) framework effective August 25, 2025. The circular adds 11 new securities to the ST-ASM framework and removes 6 securities that are moving to other surveillance frameworks or trading restrictions.
Key Points
- 11 securities newly shortlisted for ST-ASM framework including Cityman Ltd, Fundviser Capital, and KIOCL Limited
- 6 securities moving out of ST-ASM framework due to inclusion in other surveillance measures
- No securities moving between higher or lower stage ASM within ST-ASM framework
- Framework includes 5/15/30 days surveillance periods
- Special markings for SME scrips (@) and T+0 scrips (~)
Regulatory Changes
Implementation of updated Short Term Additional Surveillance Measure affecting trading in specified securities with enhanced monitoring and potential trading restrictions.
Compliance Requirements
- Market participants must comply with ST-ASM trading restrictions for listed securities
- Enhanced surveillance monitoring for price movements and trading volumes
- Special settlement and margin requirements may apply
Important Dates
- Effective Date: August 25, 2025
- All changes to ST-ASM framework become applicable from market opening on this date
Impact Assessment
Medium impact on affected securities with potential trading restrictions and enhanced surveillance. Securities moving out of ST-ASM may face different regulatory frameworks including Trade for Trade, ESM, or other surveillance measures. Investors should exercise caution when trading in these securities due to enhanced monitoring and potential volatility restrictions.
Impact Justification
Regular surveillance measure updates affecting multiple securities with trading restrictions