SEBI Chairman Tuhin Kanta Pandey on August 21, had first mentioned about the regulator exploring longer tenor derivative products.
Sources said that SEBI is weighing a transition to monthly expiries, with a defined glide path, adding that the regulator may consider the same day expiry across exchanges.
Stock exchanges like BSE, NSE are likely to be roped in for a discussion on the matter very soon, sources add.
The regulator is also likely to consider a same day expiry across exchanges, according to sources, after the recent transition of NSE to Tuesday and BSE to Thursday expiries for their respective weekly contracts.
The consultation paper is likely to propose curbs to reduce retail participation in the F&O segments, by suggesting thresholds for participation, sources said. They added further that the steps to reduce retail F&O participation will be practical, enforceable, and difficult to evade.
Steps to boost cash market volumes could also be recommended within the consultation paper, sources added.
Shares of BSE dropped to the lowest point of the day, currently trading 3.5% lower at ₹2,188.6. Shares of Angel One fell as much as 5% and are currently trading 3.8% lower at ₹2,248.1.
First Published:Â Sept 11, 2025 12:01 PM IST
