Additional Surveillance Margin on Trading Members who have traded for substantial activity in stocks having unsolicited SMS
BOMBAY STOCK EXCHANGE
NOTICES
Notice No.- 20180413-47 | Notice Date: 13 April 2018 |
Category – Trading | Segment – Equity |
Sub.: Additional Surveillance Margin on Trading Members who have traded for substantial activity in stocks having unsolicited SMS
In continuation to various Surveillance measures already implemented, SEBI and Exchanges in a joint meeting have decided that, in stocks wherein unsolicited SMSs have been found to be circulated and have resulted in an increased trading activity, an additional surveillance margin of 25% shall be levied on the Trading Members who have a substantial trading activity in these stocks. The additional margin shall be applicable in Equity and Equity Derivatives Segment.
The trading members identified by the Exchanges shall be informed individually about the additional margins and the same shall be effective from April 23, 2018.
The above surveillance measures are without prejudice to the right of SEBI and Exchanges to take any other surveillance measures, in any manner, on a case to case basis or holistically depending upon the situation and circumstances as may be warranted.
This circular is being issued by the Exchange as a surveillance measure with a view to ensure market safety & safeguard interest of investors.
In case of any clarifications, members may contact on following numbers 022 2272 8518 /8792.
Usha Sharma Rishikesh Tamaskar
Addl.Gen. Manager Dy.Gen. Manager
Surveillance Surveillance