Artificial intelligence responsibility: regulated entities must secure data, ensure output accountability and comply with law. New Chapter IIIB requires persons regulated by the Board who use artificial intelligence and machine learning tools-whether in house or third party-to be responsible for the privacy, security and integrity of investors' and stakeholders' data, accountable for outputs relied upon, and compliant with applicable laws; the Board may take action for violations and the explanation defines the scope of AI/ML tools and the term person regulated by the Board.
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: regulated entities must secure data, ensure output accountability and comply with law.
New Chapter IIIB requires persons regulated by the Board who use artificial intelligence and machine learning tools-whether in house or third party-to be responsible for the privacy, security and integrity of investors' and stakeholders' data, accountable for outputs relied upon, and compliant with applicable laws; the Board may take action for violations and the explanation defines the scope of AI/ML tools and the term person regulated by the Board.
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