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.
SEBI amended the Securities Contracts Regulations by introducing Regulation 39B, establishing strict accountability for recognized stock exchanges and clearing corporations utilizing artificial intelligence tools. The amendment mandates these entities bear sole responsibility for data privacy, security, and integrity of investor information, accountability for AI-generated outputs, and compliance with applicable laws. The regulation encompasses both internally developed and third-party AI solutions used for trading, settlement, compliance, or business operations. This amendment, effective upon gazette publication, represents a significant regulatory framework for AI governance in securities markets, ensuring protection of stakeholder interests while enabling technological advancement in market infrastructure.
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