Description

BSE updates list of securities under Long Term ASM framework with 7 new inclusions and 1 securities moving to higher stage effective August 26, 2025.

Summary

BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 26, 2025. Seven new securities have been shortlisted for inclusion in LT-ASM Stage I, while one security (Ladam Affordable Housing Ltd) will move to ASM Stage II. No securities are moving out of the framework or to lower stages.

Key Points

  • 7 securities newly shortlisted for Long Term ASM Stage I framework
  • 1 security (Ladam Affordable Housing Ltd) moving from Stage I to Stage II
  • No securities moving to lower stages or exiting the framework
  • Consolidated list includes over 500 securities under various ASM stages
  • Framework applies enhanced surveillance and trading restrictions

Regulatory Changes

  • Implementation of Long Term ASM framework for identified securities
  • Securities under LT-ASM subject to additional surveillance measures
  • Enhanced monitoring for price movements and trading patterns
  • Potential trading restrictions based on ASM stage classification

Compliance Requirements

  • Market participants must comply with enhanced surveillance requirements
  • Additional margin requirements may apply for securities under LT-ASM
  • Brokers must ensure proper risk management for affected securities
  • Investors should be aware of restricted trading conditions

Important Dates

  • Effective Date: August 26, 2025
  • All changes to LT-ASM classification take effect from market opening on this date

Impact Assessment

Trading Impact: Securities under LT-ASM face enhanced surveillance which may result in trading restrictions, higher margins, and reduced liquidity. Market Impact: The framework aims to protect investor interests by identifying and monitoring securities with unusual price movements or low liquidity. Investor Impact: Traders and investors in these securities should expect potential limitations on trading activities and increased compliance requirements.

Impact Justification

Affects trading conditions for 8 securities with enhanced surveillance measures