BSE issues a notification regarding Applicability of Short Term 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 26, 2022 has issued notification regarding Applicability of Short Term Additional Surveillance Measure (ST-ASM)

This is further to Exchange notice no. 20181027-1 dated October 27, 2018, 20190719-33 dated 19 Jul 2019 and 20201204-56 dated 04 Dec 2020 regarding revision of ASM framework.

Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage I. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

• Applicable rate of margin shall be 50% or existing margin whichever is higher, subject to maximum rate of margin capped at 100%, w.e.f. May 30, 2022 on all open positions as on May 27, 2022  and new positions created from May 30, 2022.

Securities as per attached Annexure I have satisfied the criteria for inclusion under ST-ASM Stage II. The applicable surveillance actions shall be as per provisions of the Short-Term Additional Surveillance Measure (ST-ASM) which are as under:

• Applicable margin rate shall be 100% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. May 30, 2022 on all open positions as on May 27, 2022  and new positions created from May 30, 2022.

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

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

[Notification No. 20220526-33]

 


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