This is in partial amendment to the Exchange notice no. 20230602-44 dated June 02, 2023, in respect of introduction of Enhanced Surveillance Measures (ESM).
In Joint discussion of Exchanges and SEBI, the applicable Surveillance actions under the Enhanced Surveillance Measures (ESM) framework were reviewed.
The updated stage wise actions under the Enhanced Surveillance Measures (ESM) framework are detailed hereunder:
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Stage
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Existing Surveillance Action
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Revised Surveillance Action
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I
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Applicable margin shall be 100% from T+2 day.
AND
Trade for Trade settlement with price band of 5% OR 2% (In case scrip is already in 2% band)
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No Change
|
|
II
|
Trade for Trade settlement with price band of 2%.
AND
Trading permitted once a week with Periodic Call Auction.
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Trade for Trade settlement
AND
100% Margin
AND
Trading permitted with +/- 2% price band on all trading days under Periodic Call Auction.
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Further, all other provisions of the Notice No.20230602-44 dated June 02, 2023, remain unchanged.
The revised framework would be made effective from July 24, 2023.
In case of any queries, members are requested to contact on bse.surv@bseindia.com.
For & On behalf of BSE Ltd.
Sachin Unkule Yogendra Daxini
Sr. General Manager Dy. General Manager
Surveillance Surveillance
July 18, 2023
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