Enhanced Surveillance Measure (ESM)
The Enhanced Surveillance Measure (ESM) is a regulatory framework implemented by the National Stock Exchange (NSE) in India. It aims to enhance monitoring and surveillance of listed companies to ensure investor protection and market integrity.
The client is hereby requested to note that following-
- The script as per Stage I has satisfied the criteria for inclusion under aforesaid measure and shall attract minimum 100% margin. Scripts qualifying under ESM shall be shifted from Rolling Settlement segment (Series: EQ) to Trade-for-Trade segment (Series: BE)
- The scripts as per Stage II mentioned have been moved to Enhanced Surveillance Measure (ESM) Stage II and shall follow the Trade to Trade category with a price band of 2%. Trading will be restricted to only once per week (on Mondays/the first trading day of the week) via Periodic Call Auction
For further information on Enhanced Surveillance Measure, check here.
What is the Enhanced Surveillance Measure (ESM) in the context of the NSE Circular?
The Enhanced Surveillance Measure (ESM) is a regulatory framework implemented by the National Stock Exchange (NSE) in India. It aims to enhance monitoring and surveillance of listed companies to ensure investor protection and market integrity. To ...
What is the purpose of the NSE Circular regarding ESM?
The NSE Circular regarding ESM outlines the guidelines and procedures for implementing the Enhanced Surveillance Measure. It provides information on the applicability of ESM to listed companies and the actions that may be taken by the exchange in ...
What does surveillance Indicators mean?
In order to facilitate effective surveillance mechanism at the Member level, the Exchange has introduced the 'Surveillance Dashboard.' It aims to provide information about alerts on orders and trades which are abnormal in nature. For more information ...
What is GSM?
Graded Surveillance Measure is the term used for GSM. The securities and Exchange Board of India (SEBI) and Exchanges have been introducing enhanced surveillance measures to enhance market integrity and protect investors' interests. These measures ...
Which companies are subject to the ESM as per the NSE Circular?
The NSE Circular on ESM applies to all listed companies on the National Stock Exchange. However, the specific applicability of ESM measures may vary based on the company's market capitalization, trading volumes, financial ratios, and other relevant ...