Description
BSE announces securities subject to Long Term Additional Surveillance Measure framework with revised classifications effective September 2, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 2, 2025. The circular lists securities being newly included in LT-ASM, those moving between ASM stages, and provides a consolidated list of all securities under various ASM stages.
Key Points
- 7 new securities added to Long Term ASM Framework (Stage I)
- 1 security (Ambo Agritec Ltd) moved from Stage I to Stage II
- No securities moved to lower ASM stages or direct Stage IV
- No securities moved out of LT-ASM framework
- Consolidated list shows securities across different ASM stages
Regulatory Changes
- Implementation of enhanced surveillance measures for identified securities
- Stage-wise classification system for different levels of surveillance
- Automatic progression between stages based on performance criteria
Compliance Requirements
- Trading members must comply with LT-ASM framework requirements
- Enhanced monitoring and reporting for affected securities
- Adherence to specific trading conditions for securities under surveillance
Important Dates
- Effective Date: September 2, 2025
- All changes to ASM classifications take effect from market opening on this date
Impact Assessment
- Securities under LT-ASM face enhanced surveillance and potential trading restrictions
- Investors may experience different settlement cycles and margin requirements
- Market makers and arbitrageurs may face operational constraints for affected securities
- Stage progression indicates continued regulatory concern about price volatility or corporate governance issues
Impact Justification
Affects trading conditions for multiple securities with enhanced surveillance measures