INDIA: BSE Publishes Notice on Applicability of Short-Term Additional Surveillance Measures

Thursday January 6 2022

On 5^th January 2022, the Bombay Stock Exchange (BSE) published a notice on applicability of Short-Term Additional Surveillance Measures (ST-ASM). 

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. January 07^th, 2022 on all open positions as on January 06^th, 2022 and new positions created from January 07^th, 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. January 07^th, 2022 on all open positions as on January 06^th, 2022 and new positions created from January 07^th, 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. 

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