SEBI Proposes to Limit the Expiries of All Equity Derivatives Contracts of Exchange to Either Tuesday or Thursday

SEBI Report; Dated: 27.03.2025

SEBI has proposed limiting the expiries of all equity derivatives contracts on an exchange to one of either Tuesday or Thursday. This is aimed at providing optimal spacing between expiries across exchanges, while avoiding the choice of either the first day of the week or the last day as an expiry day. Further, every exchange will continue to be allowed one weekly benchmark index options contract on their chosen day, i.e. Tuesday or Thursday.

Besides benchmark index options, all other equity derivatives contracts, viz., all benchmark index futures, non-benchmark index futures / options, and all single stock futures / options will be offered with a minimum tenor of 1 month, and the expiry will be in the last week of every month on their chosen day (that is last Tuesday or last Thursday of the month).

SEBI has invited comments and suggestions, supported by rationale, from all stakeholders—including individual investors, market participants, intermediaries, investor associations, and academic institutions.

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