SEBI chairman Tuhin Kanta Pandey dismissed speculation about a possible ban on weekly options expiry, saying the regulator has not taken any such decision for now. He was speaking on November 7 at CNBC-TV18's Global Leadership summit. He added that right now weekly expiry was on and was working and clarified that if and when SEBI decides to review the system, it would do so through a formal consultation process. This comes a day after Finance Minister Nirmala Sitharaman's statement on November 6 that the government is "not here to shut the door on futures and options trading". She made these comments at an event in Mumbai adding that the Government was there to remove the roadblocks and work on them and that it was investors' responsibility to understand the associated risks, added Sitharaman. Previous news reports had hinted towards government wanting to deepen cash market volume and reduce speculation through a ban on weekly expiries.