BANKING & FINANCE
SEBI
SEBI Standardizes Market Data Usage with New 30-Day Delay Framework
The Securities and Exchange Board of India (SEBI) has revised norms to allow a uniform 30-day time lag for the free use of stock price data for educational and investor awareness purposes.
This framework replaces a previous complex system that enforced a one-day lag for sharing data and a three-month lag for specific educational usage during classes.
The National Institute of Securities Markets (NISM) has been granted a special exemption to access market data with only a one-day delay for its simulation labs and training programs.
The new regulations, effective from July 1, 2026, aim to keep educational content relevant while preventing the commercial misuse of live data feeds.
Aspirant Tip: SEBI is gradually moving towards balancing data democratization for learning with market protection for professional trading.
This framework replaces a previous complex system that enforced a one-day lag for sharing data and a three-month lag for specific educational usage during classes.
The National Institute of Securities Markets (NISM) has been granted a special exemption to access market data with only a one-day delay for its simulation labs and training programs.
The new regulations, effective from July 1, 2026, aim to keep educational content relevant while preventing the commercial misuse of live data feeds.
Aspirant Tip: SEBI is gradually moving towards balancing data democratization for learning with market protection for professional trading.
Key Facts / Static GK
SEBI Establishment: 1988 (Executive), 1992 (Statutory)
SEBI Headquarters: Mumbai, Maharashtra
Current SEBI Chairman: Tuhin Kanta Pandey (As per source context)
NISM: National Institute of Securities Markets
SEBI Headquarters: Mumbai, Maharashtra
Current SEBI Chairman: Tuhin Kanta Pandey (As per source context)
NISM: National Institute of Securities Markets
Practice Quiz — 13 May 2026
Q1. As per the latest RBI Master Direction, what is the maximum penalty for repeated violations regarding the refusal to exchange mutilated or soiled notes?
Answer: (D) Rs 5,00,000 — While the initial penalty for a single deficiency is Rs 10,000, it can rise to a maximum of Rs 5 lakh for repeated violations by a bank.
Q2. Under the new guidelines, what is the maximum daily limit for free exchange of soiled notes at any bank branch?
Answer: (B) 20 pieces or Rs 5,000 — RBI allows free exchange of soiled notes for up to 20 pieces or a total value of Rs 5,000 per day over the counter.
Q3. Which of the following statements regarding the VB-G RAM G Act is incorrect?
Answer: (C) The Centre funds 100% of unskilled wages for all states. — Unlike MGNREGA, where the Centre funded 100% of unskilled wages, the new Act introduces a cost-sharing model (e.g., 60:40 for general states and 90:10 for Himalayan/NE states).
Q4. Who was sworn in as the 13th Chief Minister of Tamil Nadu in May 2026?
Answer: (C) Joseph Vijay — C. Joseph Vijay, leading the TVK party, took the oath as the 13th CM of Tamil Nadu, succeeding M.K. Stalin.
Q5. From July 1, 2026, if an educational institution wants to use stock price data for classroom demonstration for free, what is the minimum required time lag as per SEBI?
Answer: (D) 30-day lag — SEBI has standardized the delay to 30 days for educational use to simplify the earlier framework of 1-day/3-month lags.
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