Mumbai, May 8 -- The Securities and Exchange Board of India (Sebi) has introduced a 30-day lag on the sharing and use of market data for educational purposes, ending a year-long regulatory confusion.

In a circular issued on Friday, the markets regulator said the new norms will come into effect from 1 July 2026.

The confusion stemmed from two circulars that appeared to set different timelines for sharing and using market data. In a circular issued in May 2024, Sebi prohibited market infrastructure institutions (MIIs) and intermediaries, including stock exchanges, from sharing price data for educational purposes with a delay of less than one day.

Months later, in a separate 2025 circular, the regulator tightened the framework further by ...