Will Sebi put an end to the weekly expiry date? This is what chairman Tuhin Kanta Pandey said after board meeting

With Lakhs from retail option traders who listen to Sebi chef on the comments about the end of the weekly expiry date, Pandey said that the regulator will drive a consultancy firm about the same as and when. Since the past one year after several surveys, Sebi has been on heavy retail losses on the option market.

In a press conference after the board meeting, Pandey said that there will be an advisory book and that participants will be informed in due course.

“All participants will inform transparently about the weekly option decision,” he said. The SEBI chairman also said that the regulator will decide on rules after the driving consultancy by following the correct process.

Sebi first drove the idea to expand the term and term of office of derived contracts last month. The regulator recently rolled out a new series of measures to strengthen the market, including switching to a Delta-based calculation of open interest in contrast to the fictional open interest.

This measure influences all major market participants and may have a long -term impact on volumes and reduce volatility in the market.

Sebi has also informed new changes of market-wide position limits (MWPL), pre-open and post market sessions for the F&O segment and also changing the suitability criteria for derivatives for derivatives on non-benchmark indices. The regulator, through a six -step framework, brought in various checks at the start of the start of the reimbursement of the contract size to increase the contract size to a weekly decline of a permanent. These rules were introduced after an investigation has shown that retail traders have gambled their savings in these volatile transactions in the past three years and lost almost RS 1.8 Lakh Crore. Start in September, NSE and BSE fairs have changed a weekly expiry date, a movement that was seen when increasing the option market. In a bit of a surprise, this resulted in a slim market share profit for BSE and Premium Average Daily Turnover rose by 19% to RS 20800 Crore.

Despite the measures affecting traders, experts greeted the consultative approach to the regulator.

At the end of Friday, the supervisor announced a series of reforms, aimed at relieving minimum offer standards for large IPOs, making it easier to make NSE and Reliance Jio float. Under the new framework, companies with more than RS 5 Lakh Crore market capitalization now unload an interest of at least 2.5% for investors against 5% earlier. Sebi also has relaxed rules for foreign investors who enter the Indian markets during a board meeting.