Description
BSE updates list of securities under Long Term ASM framework with new inclusions, stage changes, and exclusions effective September 10, 2025.
Summary
BSE has updated the Long Term Additional Surveillance Measure (LT-ASM) framework effective September 10, 2025. The circular includes 10 new securities being added to LT-ASM Stage I, 3 securities moving to higher ASM stages, and 1 security (S.A.L. Steel Ltd) moving out of the framework due to inclusion in ESM framework.
Key Points
- 10 securities newly shortlisted in Long Term ASM Framework Stage I
- 3 securities moved to higher ASM stages (all to Stage II)
- 1 security (S.A.L. Steel Ltd) moving out due to ESM inclusion
- No securities moving to lower ASM stages or direct Stage IV
- Consolidated list shows securities across different ASM stages
Regulatory Changes
- Implementation of Long Term ASM framework updates
- Stage progression for existing securities under surveillance
- Integration with other surveillance frameworks (ESM, GSM, IBC)
Compliance Requirements
- Market participants must comply with LT-ASM trading restrictions for affected securities
- Enhanced surveillance measures apply to all listed securities
- Adherence to stage-specific trading conditions
Important Dates
- Effective Date: September 10, 2025
- All changes to surveillance measures become applicable from this date
Impact Assessment
- Trading Impact: Enhanced surveillance on 10 new securities may affect liquidity and trading patterns
- Market Operations: Stricter monitoring and compliance requirements for affected scrips
- Investor Impact: Limited trading flexibility for securities under LT-ASM framework
- Regulatory Impact: Strengthened market surveillance and risk management measures
Impact Justification
Affects trading conditions for multiple securities through surveillance measures