Sub: Applicability of Additional Surveillance Measure
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 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):
(a) 80% Margins shall be applicable w.e.f. February 27, 2020 on all open positions as on February 26, 2020 and new positions created from February 27, 2020 onwards
Further, with reference to the Exchange notice no. 20180608-34 dated June 08, 2018, it may be noted that Additional Surveillance Measures (ASM) for Companies relating to the Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC) as mentioned below shall be imposed on securities as per attached Annexure I (part B):
(a) 100% Margins shall be applicable w.e.f. March 02, 2020 on all open positions as on February 28, 2020 and new positions created from March 02, 2020 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. February 25, 2020 is given in Annexure I (Part C):
(a) Lower Price Band shall be applicable w.e.f. February 25, 2020.
(b) 100% Margins shall be applicable w.e.f. February 27, 2020 on all open positions as on February 26, 2020 and new positions created from February 27, 2020 onwards.
Securities which are placed under the above-mentioned Framework would be reviewed on periodical basis. Further, the list of securities which are moving out from ASM Framework, w.e.f. February 25, 2020 is given in Annexure II (Part A).
For ready reference, consolidated list of securities under the Framework is attached as Annexure III.
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.
Also, it may also be noted that the shortlisting of securities under aforesaid Framework is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company/entity.
In case of any clarifications, members are requested to contact 2272 5001/ 2272 5158 /2272 1717.
For & On behalf of BSE Ltd.
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Yogendra Daxini
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Saji Sunilkumar
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Asst. Gen. Manager
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Manager
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Surveillance
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Surveillance
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February 25, 2020
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