Mumbai, Dec. 9 -- SEBI Chairman Tuhin Kanta Pandey on Monday said the markets regulator will soon amend its rules to prohibit the use of live market data in investor-education material, allowing only past data for such purposes. Speaking at an event at the National Stock Exchange in Mumbai, Pandey said there is no regulatory vacuum, but a lack of understanding regarding the rules governing investor education. He reiterated that SEBI regulations clearly bar offering stock-tip advice under the guise of educational content.

Pandey acknowledged inconsistencies between two SEBI circulars on the use of live data and said the regulator will address the issue shortly. His remarks come days after SEBI imposed a penalty and ordered disgorgement of...