BSE Ltd.

04/15/2024 | Press release | Distributed by Public on 04/15/2024 09:10

Applicability of Short Term Additional Surveillance Measure (ST-ASM)

NOTICES
Notice No. 20240415-45 Notice Date 15 Apr 2024
Category Trading Segment Equity
Subject Applicability of Short Term Additional Surveillance Measure (ST-ASM)
Attachments ANNEXURE.xls ;
Content

This is further to Exchange notice no. 20181027-1 dated October 27, 2018, 20190719-33 dated 19 Jul 2019, 20201204-56 dated 04 Dec 2020 and 20230925-49 dated 25 Sep 2023 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:<_o3a_p>

Ø 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. April 18, 2024on all open positions as on April 16, 2024 and new positions created from April 18, 2024.<_o3a_p>

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:<_o3a_p>

Ø Applicable margin rate shall be 100% or existing margin whichever is higher subject to maximum rate of margin capped at 100%. w.e.f. April 18, 2024on all open positions as on April 16, 2024 and new positions created from April 18, 2024.<_o3a_p>

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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.<_o3a_p>

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.<_o3a_p>

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In case of any clarifications, members are requested to contact 2272 5158/ 2272 1717 /2272 5001.<_o3a_p>

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For & On behalf of BSE Ltd.<_o3a_p>

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Yogendra Daxini<_o3a_p>

Saji Sunilkumar<_o3a_p>

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Deputy General Manager<_o3a_p>

Assistant General Manager<_o3a_p>

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Surveillance<_o3a_p>

Surveillance<_o3a_p>

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April 15, 2024<_o3a_p>