Description
BSE updates list of securities subject to Short Term Additional Surveillance Measure with 12 new additions and 8 securities moving out.
Summary
BSE has updated the Short Term Additional Surveillance Measure (ST-ASM) framework effective August 28, 2025. The circular adds 12 new securities to the ST-ASM list while removing 8 securities that are either moving to other surveillance frameworks or no longer require enhanced monitoring.
Key Points
- 12 securities newly added to Short Term 5/15/30 Days ASM Framework
- 8 securities moving out of ST-ASM Framework
- No securities moving between different ASM stages
- Framework includes regular equity securities and SME scrips
- Securities moving out are transitioning to other surveillance measures (LT-ASM, ESM)
Regulatory Changes
- Enhanced surveillance measures applied to newly listed securities showing unusual price movements
- Securities subject to ST-ASM face additional margin requirements and position limits
- Trading restrictions include reduced position limits and enhanced margin requirements
Compliance Requirements
- Trading members must apply enhanced surveillance measures for listed securities
- Additional margin requirements and position limits must be enforced
- Clients trading in ST-ASM securities subject to stricter monitoring
Important Dates
- Effective Date: August 28, 2025
- All changes to ST-ASM framework become applicable from market opening on this date
Impact Assessment
- Trading Impact: Enhanced surveillance may reduce speculative activity in affected securities
- Liquidity Impact: Potential reduction in trading volumes due to additional restrictions
- Market Stability: Measure designed to prevent excessive volatility and protect investor interests
- Investor Protection: Additional safeguards for retail investors in volatile securities
Impact Justification
Affects trading conditions for 12 securities with enhanced surveillance measures