Description
BSE circular announcing securities subject to Long Term Additional Surveillance Measure framework effective August 26, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 26, 2025. Seven securities have been newly shortlisted for LT-ASM, while one security (Ladam Affordable Housing Ltd) moves to higher Stage II ASM. The circular also provides a consolidated list of all securities under various ASM stages.
Key Points
- Seven new securities added to Long Term ASM Framework
- One security moved to higher ASM Stage II
- No securities moved to lower stages or direct Stage IV
- No securities moved out of LT-ASM framework
- Consolidated list includes securities across ASM Stages I through IV
Regulatory Changes
- Implementation of Long Term ASM framework for newly identified securities
- Stage progression for existing securities based on surveillance criteria
- Enhanced monitoring and trading restrictions for affected securities
Compliance Requirements
- Trading members must comply with LT-ASM trading conditions
- Enhanced disclosure and reporting requirements for affected securities
- Investors should be aware of additional surveillance measures
Important Dates
- Effective Date: August 26, 2025
- All changes to LT-ASM framework become applicable from this date
Impact Assessment
The LT-ASM framework may result in:
- Increased margin requirements for affected securities
- Enhanced monitoring of trading activities
- Potential impact on liquidity and trading volumes
- Additional compliance burden for market participants
- Investor awareness of heightened surveillance on these securities
Impact Justification
Affects trading conditions for multiple securities under surveillance framework