Mumbai: India's securities regulator acknowledged gaps in its rules governing financial educators and vowed to ban the use of current market data for investor education, marking a tightening of oversight just days after imposing one of its largest penalties on a financial influencer.

Securities and Exchange Board of India Chairman Tuhin Kanta Pandey said Monday the regulator will "bring consistency" to conflicting circulars on live data usage, restricting educators to historical information only. "Only past market data will be used for educational purposes; current data should not be used," Pandey told reporters at the National Stock Exchange in Mumbai.

The announcement came at the launch of Past Risk and Return Verification Agency (PaRRVA), a framework developed with NSE and CARE Rating

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