NSE circular announcing inclusion and exclusion of securities under Enhanced Surveillance Measure (ESM) framework effective November 10-11, 2025, with movement to Trade-for-Trade segment and 100% margin requirements.
Impact
High
Severity
High
Justification
Significant trading restrictions including mandatory 100% margin, shift to Trade-for-Trade segment, and price band limitations affecting multiple securities. Immediate impact on trading operations for affected stocks.
NSE circular listing 324 securities subject to Reversal Trade Cancellation Mechanism (RTCM) for November 2025, a surveillance measure to prevent price manipulation.
Impact
High
Severity
Medium
Justification
RTCM is a critical surveillance mechanism affecting 324 securities, enabling NSE to cancel erroneous or manipulative trades. High impact on trading operations and investor protection, though routine monthly update.