BSE notifies regarding GSM- List of securities moving into their respective GSM Stages

May 26, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance

The Bombay Stock Exchange (BSE) on May 25, 2022 has issued notification regarding Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages.

With reference to the Exchange notice no. 20170223-44 dated February 23, 2017, Exchange notice no. 20170303-29 dated March 03, 2017, Exchange notice no. 20180720-55 dated July 20, 2018 and Exchange notice no. 20191129-23 dated November 29, 2019 trading members are hereby requested to note that the securities as per attached Annexure shall be moved to their respective higher stages of GSM with effect from May 26, 2022 and shall attract following surveillance actions as per the provisions of GSM Framework published on February 29, 2017.

Stage

Surveillance Actions

I

Applicable margin rate shall be 100% And price band of 5% or lower as applicable

II

Trade for trade with price band of 5% or lower as applicable and Additional Surveillance Deposit (ASD) of 50% of trade value to be deposited by the Buyers

III

Trade for trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers

IV

Trade for trade with price band of 5% or lower as applicable and Trading permitted once a week (Every Monday/1st trading day of the week) And ASD (100% of trade value) to be deposited by the buyers with no upward movement.

Further, trading members are requested to take adequate precautions while trading in the said securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.

[Notificayion No. 20220525-37]

 


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