Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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.
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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