To
All Trading Members of the
Exchange
Sub: Due Diligence to be
exercised while trading in illiquid securities.
SEBI has directed the
Exchanges to draw up a list of illiquid securities based on criteria
jointly agreed between BSE, NSE and SEBI and make it available to
the trading members on a monthly basis. List of such illiquid
securities identified based on trading activity during the month of
October 2008 is enclosed as Annexure. The list will be reviewed on a
monthly basis.
Trading members are advised
to exercise additional due diligence while trading in these
securities either on own account or on behalf of their
clients.
P.K. Ramesh
General Manager
Surveillance &
Supervision
Date: November 05,
2008
Encl: As above.
