Description
BSE updates Long Term ASM Framework with 7 securities shortlisted and 1 security moving out, 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 shortlisted for inclusion in LT-ASM Stage I, while one security (OTCO International Ltd) is moving out due to inclusion in GSM Framework.
Key Points
- 7 securities newly shortlisted for Long Term ASM Framework Stage I
- 1 security (OTCO International Ltd) moving out of LT-ASM Framework
- No securities moving between ASM stages
- No securities shortlisted for Direct Stage IV Long Term ASM
- Consolidated list shows over 13 securities currently under various ASM stages
Regulatory Changes
Implementation of Long Term ASM Framework updates with specific securities categorization based on surveillance requirements and risk assessment criteria.
Compliance Requirements
- Trading members must comply with LT-ASM trading restrictions for listed securities
- Enhanced monitoring and reporting requirements for affected securities
- Adherence to stage-specific trading parameters and settlement procedures
Important Dates
- Effective Date: August 28, 2025 - New LT-ASM classifications take effect
Impact Assessment
The LT-ASM measures will impose additional trading restrictions on 7 securities, potentially reducing liquidity and requiring higher margins. OTCO International Ltd gains relief from LT-ASM restrictions but faces GSM Framework requirements. Investors in affected securities should expect modified trading parameters and enhanced surveillance.
Impact Justification
Affects trading parameters for 8 securities with surveillance measures impacting liquidity and investor access