The Bombay Stock Exchange (BSE) on February 05, 2024, issued a notification regarding the Trade-To-Trade Scrips – Inclusions in “T”, “XT”, “MT” or “TS” Group
The following has been stated namely: -
• It states that the criteria for shifting securities to/from for settlement on a trade-to-trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically.
• It states that The detailed criteria for shifting scrip to/from Trade-to-Trade are available on the website at https://www.bseindia.com/static/markets/equity/EQReports/sur_Surveillance.html#!#her3.
• The Exchange with a view to taking preventive surveillance measures to ensure market safety and safeguard the interest of the investors, has decided to take the following Surveillance actions:
• The securities mentioned in Annexure I which satisfy all the criteria I, II, and III will be transferred to T / XT / MT / TS Group w.e.f. February 08, 2024.
• The securities mentioned in Annexure II will continue to remain in T / XT / MT / TS / P / Z / ZP Group and will attract a price band of 5%.
• It is requested to take adequate precautions while trading in the above securities, as the settlement will be done on a trade-to-trade basis and no netting-off positions will be allowed. a VaR Margin of 100% will also be levied on these scrips.
[Notice No. 20240205-54]
