Sebi To Float Consultation Paper On Ending F&O Weekly Expiry Soon, Says Tuhin Kanta Pandey

The Securities and Exchange Board of India (Sebi) will issue a consultation paper on the proposed discontinuation of weekly expiries in equity derivatives. After the board meeting on September 12, 2025, Sebi chairman Tuhin Kanta Pandey said, “We will consider weekly expiry... We had already said that. But consideration takes time.”

He added that the details will be shared with market participants in a transparent way as and when it is ready. He, however, did not give any clear timeline. He said Sebi will make the announcement as and when the paper is ready.

Earlier at FICCI’s annual capital markets conference on August 21, Pandey had mentioned that Sebi is looking at extending the tenure of equity derivatives. The objective, he said, was to encourage longer-maturity derivative contracts while also increasing volumes in the cash market.

Pandey’s statement comes at a time when Sebi is cracking down on equity derivatives in a bid to reduce retail participation in the market.

Earlier this year, Sebi had also released a consultation paper on futures and options (F&O), proposing a few changes to make the derivatives market safer and more transparent. One of the key proposals was to move from the current notional open interest calculation to a delta-based calculation method, which would more accurately reflect the market exposure of derivative positions. The regulator also recommended recalibrating market-wide position limits (MWPL) for single-stock derivatives.

BSE, Angel One Among Other Capital Market Stocks In Focus

Shares of Bombay Stock Exchange (BSE), brokerages Angel One, Motilal Oswal, among other capital market stocks are expected to be in focus in trade on September 15. Market participants have already factored in the potential impact ahead of Sebi’s board meeting, where the regulator was expected to discuss ending weekly expiries in the derivatives market.

The decision to end weekly expiries in the derivatives segment could reduce trading volumes. In turn, this could potentially affect revenue for stock exchanges and brokerage houses.

However, after reports came out that the weekly expiry was not on the agenda at Sebi’s board meeting, these stocks saw a small recovery.

The BSE share price slipped over 8 per cent over two days on September 10 and 11. However, the next day, it recovered nearly 2 per cent. On September 12, the stock closed at Rs 2,201.20 per share.

Similarly, Angel One share price declined over 5 per cent over the same period, and recovered around 0.28 per cent to close at Rs 2,222.30 apiece on September 12.