Artificial intelligence responsibility: exchanges and clearing corporations are solely liable for AI outputs, data privacy, and legal compliance. A recognized stock exchange and clearing corporation using artificial intelligence and machine learning tools and techniques, whether internally designed or procured from third parties, are solely responsible for investors' and stakeholders' data privacy, security and integrity (including fiduciary data), for outputs produced by such tools, and for compliance with applicable laws; the definition covers applications or systems used internally or offered to the public for trading, settlement, compliance, management or other business purposes.
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.
Artificial intelligence responsibility: exchanges and clearing corporations are solely liable for AI outputs, data privacy, and legal compliance.
A recognized stock exchange and clearing corporation using artificial intelligence and machine learning tools and techniques, whether internally designed or procured from third parties, are solely responsible for investors' and stakeholders' data privacy, security and integrity (including fiduciary data), for outputs produced by such tools, and for compliance with applicable laws; the definition covers applications or systems used internally or offered to the public for trading, settlement, compliance, management or other business purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.