BSE issues a notification regarding Applicability of Additional Surveillance Measure

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 Applicability of Additional Surveillance Measure.

This is with reference to the Exchange notice no. 20180321-46 dated March 21, 2018 and various notices issued thereafter in this regard and the Exchange notice no. 20181027-1 dated October 27, 2018 and Exchange notice no. 20201204-56 dated December 04, 2020 regarding revision of ASM framework. As per the revised ASM framework, it may be noted that Additional Surveillance Measures (ASM) as mentioned below shall be imposed on securities as per attached Annexure I (part A):

• 100% Margins shall be applicable w.e.f. May 30, 2022 on all open positions as on May 27, 2022 and new positions created from  May 30, 2022  onwards.

Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moved to their respective higher stages ASM Framework, w.e.f. May 26, 2022 is given in Annexure I (Part B):

• In addition, Lower Price Band shall be applicable w.e.f. May 26, 2022

Further, with reference to the Exchange notice no. 20210604-41 dated June 04, 2021, it may be noted that Additional Surveillance Measures (ASM) as mentioned below shall be imposed on securities as per attached Annexure I (part D):

• Securities shall be continue in ASM framework but shall be transferred to T / XT Group w.e.f. May 30, 2022.

Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moving out from ASM Framework, w.e.f. May 26, 2022  is given in Annexure II.

For ready reference, consolidated list of securities under the Framework is attached as Annexure III.

Market participants may note that above Framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

Also, it may also be noted that the shortlisting of securities under aforesaid Framework is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.

[Notification No. 20220525-39]

 


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