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NOTICES
Notice No.   20190111-55   Notice Date   11 Jan 2019
Category   Trading   Segment   Equity
Subject   Additional Surveillance Measure (ASM) Framework – Update 1
 
Content

This is with reference to the Exchange notice no. 20181027-1 dated October 27, 2018 introducing Short Term ASM framework.

As per the joint Surveillance meeting of Exchanges and SEBI held on January 11, 2019, the following additional criteria shall be applicable for inclusion of stocks under the Short Term ASM framework w.e.f  21/01/2019:

For Stocks with a market capitalization more than INR 100 crore and less than or equal to INR 500 crore

For Stocks with a market capitalization greater than INR 500 crore

High Low Variation on  a one month basis greater than 50%

AND

Average unique PANs trading in the scrip in last one month < 100

High Low Variation on  a one month basis greater than 50%

AND

Average unique PANs trading in the scrip in last one month < 200

 

Market participants may note that above additional 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 1717 /2272 5158.

 

For & On behalf of BSE Ltd.

 

 

 

Usha Sharma

Yogendra Daxini

Addl. General Manager

AGM

Surveillance

Surveillance

 

January 11, 2019