India Regulator Seeks Details of AI Apps, System Used by Brokers

The Securities and Exchange Board of India asks stock brokers and depository participants to give details of Artificial Intelligence, or Machine Learning systems used by them, according to a statement released by the markets regulator.

Sebi is conducting a survey and creating an inventory of the AI, ML landscape in the Indian financial markets to gain an in-depth understanding of the adoption of such technologies and to ensure preparedness for any AI or ML policies that may arise in the future, it said.

Brokers using such technologies, platforms and applications to make submissions on a quarterly basis as per ...