Sub: Graded Surveillance Measure (GSM) – Update
This is with reference to introduction of GSM Framework vide Exchange notice no. 20170223-44 dated February 23, 2017 and various notices issued thereafter in this regard from time to time.
A Joint Surveillance meeting of SEBI with Exchanges was held today and in partial modification to the Exchange Notice No. 20180720-55 dated July 20, 2018, it has been decided that securities shortlisted under Criteria II for placing directly under GSM Stage I, shall attract all provisions of GSM framework as applicable to securities shortlisted under Criteria I.
The aforesaid amendments shall be made applicable with effect from ensuing quarterly review.
Market participants may note that above Framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.
In case of any clarifications, members may contact on 022 2272 8792 / 8083.
For & On behalf of BSE Ltd.
Rajesh Gandhi Maithili Save
Deputy General Manager Manager
Date: - August 17, 2018