Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Regulation 82AA - Responsibility for the use of artificial intelligence
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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AI responsibility: depositories must secure data, ensure output accountability and comply with applicable laws. Depositories bear sole responsibility for privacy, security and integrity of investor and stakeholder data, including fiduciary data, for outputs produced by AI/ML tools they use or procure, and for compliance with applicable laws; AI/ML tools include any applications or software systems offered to investors or used internally to facilitate trading, settlement, compliance, management or other business activities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
AI responsibility: depositories must secure data, ensure output accountability and comply with applicable laws.
Depositories bear sole responsibility for privacy, security and integrity of investor and stakeholder data, including fiduciary data, for outputs produced by AI/ML tools they use or procure, and for compliance with applicable laws; AI/ML tools include any applications or software systems offered to investors or used internally to facilitate trading, settlement, compliance, management or other business activities.
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