F&O expiry: SEBI directs exchanges to expiry equity futures on Thursday or Tuesday

News Topical, Digital Desk : The Securities and Exchange Board of India (SEBI) has issued a statement regarding the expiry date of equity derivative contracts. In the final circular issued on Monday, the Securities and Exchange Board of India (SEBI) has directed the exchanges to apply afresh for the expiry day of equity derivatives. Currently, the expiry of F&O in NSE is on Thursday and the expiry of F&O in BSE is on Tuesday.

Each exchange will continue to be allowed to issue one weekly benchmark index option contract on its chosen day - Tuesday or Thursday. Apart from this, all other equity derivative contracts other than benchmark index options will expire on their chosen day in the last week of each month i.e. Tuesday or last Thursday of the month.
 

SEBI had proposed a fixed day for expiry in a consultation paper issued on March 27. It cited the need for a gap between expiries and asked the exchanges to wait till the final circular is issued. The regulator has also asked the exchanges to seek prior permission before changing the expiry days. Apart from this, SEBI has directed the exchanges to submit their proposal for selection of expiry days by June 15, 2025.

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