Description
BSE updates Long Term Additional Surveillance Measure framework affecting 7 securities with new inclusions and one exclusion effective August 28, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective August 28, 2025. Seven securities have been newly included in the LT-ASM framework, while one security (OTCO International Ltd) has been moved out due to inclusion in the GSM Framework.
Key Points
- 7 securities newly shortlisted for Long Term ASM Framework
- 1 security (OTCO International Ltd) moving out of LT-ASM due to GSM Framework inclusion
- No securities moving between different ASM stages
- Consolidated list shows multiple securities across different ASM stages (Stage I primarily)
- Changes effective from August 28, 2025
Regulatory Changes
The LT-ASM framework applies enhanced surveillance measures to securities that meet specific criteria. Securities under this framework are subject to additional monitoring and potential trading restrictions to protect investor interests.
Compliance Requirements
- Trading members must be aware of securities under LT-ASM framework
- Enhanced due diligence requirements for transactions in these securities
- Compliance with additional surveillance measures as prescribed by the exchange
Important Dates
- Effective Date: August 28, 2025 - New LT-ASM classifications take effect
Impact Assessment
The inclusion of 7 additional securities in the LT-ASM framework will subject them to enhanced surveillance measures, potentially affecting their trading volumes and liquidity. The removal of OTCO International Ltd from LT-ASM (due to GSM inclusion) indicates a shift to a different regulatory framework with its own set of compliance requirements.
Impact Justification
Affects trading conditions for 8 securities with surveillance measures that impact liquidity and trading flexibility