BSE notifies on the Applicability of Additional Surveillance Measure

May 26, 2022 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE) on May 26, 2022, has issued a notification regarding the Applicability of Additional Surveillance Measure.

The following has been stated namely: -

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 4, 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 31, 2022, on all open positions as of May 30, 2022, and new positions created from May 31, 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 27, 2022 is given in Annexure I (Part B):

• In addition, Lower Price Band shall be applicable w.e.f. May 27, 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 continued in the ASM framework but shall be transferred to T / XT Group w.e.f. May 31, 2022.

Securities that are placed under the above-mentioned Framework would be reviewed on a periodical basis. Further, the list of securities that are moving out from ASM Framework, w.e.f. May 23, 2022, is given in Annexure-II 

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

Market participants may note that the 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 the 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. 20220526-34]


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