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SEBI Proposes 30-Day Lag for Stock Price Data in Educational Content

SEBI has proposed a uniform 30-day delay for using listed companies' price data in educational and investor awareness content. The move aims to resolve confusion from existing rules, where one circular allowed a one-day lag and another mandated a three-month lag. The regulator seeks to prevent the misuse of near-real-time data, which could blur lines between education and regulated advisory services. Public comments on the proposal are invited until January 27, 2026.

Key Points: SEBI Proposes 30-Day Delay for Stock Price Data in Education

  • Prevents misuse of market data
  • Clarifies conflicting circulars
  • Separates education from advisory
  • Public comments open until Jan 2026
2 min read

SEBI proposes 30-day lag for use of stock price data in educational content

SEBI proposes a uniform 30-day lag for using stock price data in educational content to prevent misuse and clarify existing rules.

"It is proposed that a uniform lag of 30 days for both sharing and usage of price data may be made applicable - SEBI"

Mumbai, Jan 6

India's market regulator, the Securities and Exchange Board of India, on Tuesday proposed a uniform 30-day delay for sharing and using price data of listed companies for educational and investor awareness activities.

The move is aimed at preventing misuse of market data while ensuring that educational content remains useful and relevant for learners.

In a consultation paper, the market regulator said the proposal seeks to remove confusion caused by its existing rules on the use of stock price data for education.

"It is proposed that a uniform lag of 30 days for both sharing and usage of price data may be made applicable for educational and awareness activities," SEBI said.

"The person engaged solely in education shall continue to abide by the provisions of the prohibited activities in the January 2025 circular and all other provisions of the aforementioned circulars shall remain unchanged," the market regulator added.

The regulator has invited public comments on the proposal until January 27, 2026.

"Public comments are invited on the proposal for sharing and usage of price data for educational purposes," SEBI stated.

"The comments/ suggestions should be submitted latest by January 27, 2026," the regulator stated.

Currently, two different SEBI circulars govern the use of price data for educational purposes.

A circular issued in May 2024 allows stock exchanges to share price data for education and awareness activities with at least a one-day delay.

However, another circular issued in January 2025 states that entities engaged purely in education can use price data only if it is at least three months old.

SEBI acknowledged that although the two circulars were issued for different reasons, their parallel existence has led to uncertainty among market participants and educators.

SEBI explained that allowing the use of live or near-real-time price data for educational content could blur the line between investor education and regulated activities such as investment advisory or research.

Analysing current market prices to predict future movements falls under advisory functions, which require regulatory oversight, the regulator said.

- IANS

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Reader Comments

P
Priya S
As someone who teaches finance to college students, I appreciate the clarity. The confusion between the 1-day and 3-month rules was real! 30 days is practical. We can still use recent examples without the risk of it being seen as market advice.
R
Rohit P
Good step for investor protection. So many "educational" YouTube channels and Telegram groups were basically giving live tips disguised as lessons. This should clean up that space. Protect the small investor!
S
Sarah B
While I understand the intent, a 30-day lag might make some technical analysis examples less relevant, especially in volatile markets. The market sentiment can shift completely in a month. Perhaps a 15-day window could be considered?
V
Vikram M
Finally! This was much needed. The grey area was being exploited. Now genuine educators can operate without fear, and the fake ones peddling "sure-shot strategies" with current data will have to stop. SEBI is doing a good job.
K
Karthik V
The principle is right, but the implementation is key. How will SEBI monitor thousands of online content creators? The rule is for the big, registered institutes. The small fry on social media will still find loopholes. Enforcement must be strict.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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