SEBI Revises Time Lag Norms for Stock Price Data Sharing

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  • Last Updated on 12 May, 2026

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SEBI stock price data time lag

Circular no. HO/47/17/12(11)2025-MRD-POD3/I/11107/2026; Dated: 08.05.2026

The Securities and Exchange Board of India (SEBI) has revised the framework governing the sharing and use of stock price data by Market Infrastructure Institutions (MIIs) and registered market intermediaries for educational and investor awareness activities.

1. Earlier Framework

Under the previous norms:

  • Real-time price data shared for educational and awareness activities
  • Was subject to 1-day time lag

However:

  • Entities engaged solely in educational activities could use such data only after 3-month time lag

2. Revised Framework

SEBI has now prescribed:

  • A uniform 30-day time lag
  • For sharing and use of stock price data
  • Applicable across:
    1. Educational activities
    2. Investor awareness initiatives

3. Objective of the Revision

The change aims to:

  • Rationalise and simplify existing data-sharing norms
  • Promote consistency in regulatory treatment
  • Facilitate wider use of market data for educational purposes

4. Impact of the Change

The revised framework is expected to:

  • Reduce operational complexity
  • Improve accessibility of market data for:
    1. Educational institutions
    2. Investor awareness platforms
  • Maintain safeguards against commercial misuse of near real-time market data

5. Conclusion

SEBI’s move introduces a more balanced and harmonised framework for use of stock market data in educational and awareness activities by replacing varying timelines with a single uniform 30-day lag requirement.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied