The Bombay Stock Exchange (BSE) has notified inclusions in “T” or “XT” Group in Trade-To-Trade Scrips. This notice was issued on 6th March, 2023.
As a part of Surveillance measures and based on the extant SEBI framework, the Exchanges transfer various securities for settlement on a Trade-to-Trade basis. The criteria for shifting securities to/from for settlement on trade to trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically.
The BSE with a view to take preventive surveillance measure 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 are satisfying all the criteria I, II and III will be transferred to T / XT Group w.e.f. March 10, 2023. The securities mentioned in Annexure II will continue to remain in T / XT / P / Z / ZP Group and would attract a price band of 5%.
Trading Members are requested to take adequate precaution while trading in above securities, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed.