Description

BSE publishes updated list of 38 securities subject to add-on price band framework surveillance measure.

Summary

BSE has published an updated list of 38 securities that are subject to the Add-on Price Band Framework, a surveillance measure designed to control excessive price volatility. This framework applies additional price restrictions beyond normal daily price limits for securities that exhibit unusual trading patterns or volatility.

Key Points

  • 38 securities are currently under the Add-on Price Band Framework
  • List includes companies across various sectors and market capitalizations
  • Framework acts as an additional surveillance measure beyond regular price bands
  • Securities range from established companies to smaller enterprises
  • Both equity shares and other securities are included in the surveillance list

Regulatory Changes

This is an updated list reflecting the current securities under surveillance. The Add-on Price Band Framework is an existing regulatory mechanism, and this circular provides the latest compilation of affected securities.

Compliance Requirements

  • Trading members must be aware of additional price band restrictions on these securities
  • Enhanced monitoring and surveillance applies to trading in these securities
  • Regular review and updates of the surveillance list by BSE
  • Market participants should factor in additional price constraints when trading

Important Dates

  • Circular Date: September 1, 2025
  • Framework remains in effect until further notice
  • Regular updates to the list as market conditions change

Impact Assessment

Trading Impact: Securities on this list face additional price movement restrictions, potentially limiting intraday volatility and affecting trading strategies. Market participants need to adjust their trading approaches for these securities.

Market Operations: Enhanced surveillance helps maintain market integrity but may reduce liquidity in affected securities. The framework serves as a protective measure for investors while allowing continued trading within controlled parameters.

Impact Justification

Regular surveillance measure update affecting 38 securities with trading restrictions