Mumbai, Sept. 11 -- According to media reports, the paper could be released within a month and will propose a transition to monthly expiries with a defined glide path. SEBI is also considering introducing a same-day expiry across exchanges, following the recent divergence where NSE shifted its weekly expiry to Tuesdays and BSE to Thursdays.

SEBI Chairman Tuhin Kanta Pandey had first indicated on August 21 that the regulator was exploring longer-tenor derivative products. Media reports suggest that the matter will be taken up at SEBI's board meeting scheduled for September 12, with consultations with exchanges likely to begin as early as next week.

The consultation paper is also expected to propose measures to curb retail participation i...