With reference to the Exchange notice no. 20170223-44 dated February 23, 2017 and Exchange notice no. 20170303-29 dated March 03, 2017, trading members are hereby requested to note that that the securities as per attached Annexure shall move to Stage III of GSM framework with effect from June 02, 2017.
As per the provisions of GSM Framework published on February 23, 2017, under Stage III, securities shall:
· Permitted to trade once in a week (Every Monday/First trading day of the week)
· Settlement will be on trade to trade basis with applicable price band 5 % or lower
· Additional Surveillance Deposit (ASD) of 100% of trade value shall be collected from Buyer and the same shall be retained till further notice.
Accordingly, trading in aforementioned securities will be suspended w.e.f June 02, 2017 and shall be made available for trading from Monday June 05, 2017 onwards on a weekly basis.
Further, trading members are requested to take adequate precautions while trading in the said securities, as the settlement shall be done on trade-to-trade basis and no netting off shall be allowed.
In case of any clarifications, members are requested to refer the FAQ as per the below link on GSM or contact 2272 8518/ 2272 8497/2272 5091.
http://www.bseindia.com/markets/equity/EQReports/graded_surveil_measure.aspx?expandable=6
For & On behalf of BSE Ltd
Usha Sharma Jeevan Noronha
Addl. General Manager, Manager
Surveillance Surveillance
June 01, 2017.
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