SEBI conducted a survey for Artificial Intelligence and Machine Learning applications.

Feb 01, 2019 | by Avantis RegTech Legal Research Team

Securities and Exchange Board of India (SEBI) on January 31, 2019, to protect the interests of investors in securities and to promote the development of and regulate the securities market, passed a Circular for conducting a survey on Artificial Intelligence (AI) and Machine Landscape (ML) in the financial markets.

This Circular includes applications and systems offered where AI and ML is used for compliance or management  purpose by Market Infrastructure Institutions (MIIs). It includes AI and ML technologies, Fin Tech and Reg- Tech initiatives that involves AI and ML undertaken by MIIs.

In respect of AI and ML based application, MIIs should file AI and ML reporting form mention in Annexure A & B (Page 3, 4) and submit the soft copy at [email protected] (for the Stock Exchanges) and [email protected] (for Depositories) and [email protected] (for the Clearing Corporations) on quarterly basis within 15 days of the expiry of the quarter, with effect from quarter ending March 31, 2019.

[Circular No.: [SEBI/HO/MRD/DOP1/CIR/P/2019/24]



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