According to SEBI, the use of live or near-real-time data in the name of “education” carries the risk of becoming de-facto investment advice or research, activities that are subject to stricter regulation under the IA and RA norms. Stakeholders have flagged that access to one-day lag data is still too fresh and could be misused to influence investment decisions.
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Moneycontrol06-01-2026, 21:07

SEBI Proposes 30-Day Delay for Market Data in EdTech to Curb Misuse

  • SEBI proposes a uniform 30-day delay for sharing market price data for investor education and awareness.
  • The move aims to prevent live/near-real-time data from being misused as de-facto investment advice or research.
  • MIIs and stock exchanges would share data only after 30 days; educational entities can use only such delayed data.
  • This proposal seeks to harmonize existing differing timelines (1-day vs. 3-month lag) and fill regulatory gaps.
  • Experts support a balanced delay to maintain relevance for learners while protecting investors from misleading advice.

Why It Matters: SEBI balances investor education relevance with regulatory safeguards by proposing a 30-day market data delay.

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