BSE releases five new surveillance circulars

The Bombay Stock Exchange (BSE) has issued five separate circulars outlining enhanced surveillance measures for listed securities. The circulars cover the Enhanced Surveillance Measure (ESM), Graded Surveillance Measure (GSM) with details on securities moving into various GSM stages, a surveillance measure specifically for securities under the Insolvency and Bankruptcy Code (IBC), and both Long Term Additional Surveillance Measure (LT-ASM) and Short Term Additional Surveillance Measure (STASM).

The BSE circulars, published on its official website, serve as regulatory directives to market participants. The measures are designed to monitor and curb excessive price volatility and speculative trading in certain stocks. The GSM list includes securities that are moving into different stages of the graded framework, while the IBC-specific measure targets companies undergoing insolvency proceedings.

Market participants are advised to review the detailed circulars on the BSE website for full compliance requirements. The exchange regularly updates these surveillance lists to maintain market integrity.