Responsibility for AI use imposes data protection, output accountability and legal compliance duties on exchanges and clearing corporations. Regulation 39B requires recognized stock exchanges and recognized clearing corporations using artificial intelligence and machine learning, whether developed internally or procured externally, to ensure the privacy, security and integrity of investor and stakeholder data, be accountable for outputs produced by such tools, and comply with all applicable laws; the definition covers applications or systems used for public-facing products or internal functions including trading, settlement and compliance.
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.
Responsibility for AI use imposes data protection, output accountability and legal compliance duties on exchanges and clearing corporations.
Regulation 39B requires recognized stock exchanges and recognized clearing corporations using artificial intelligence and machine learning, whether developed internally or procured externally, to ensure the privacy, security and integrity of investor and stakeholder data, be accountable for outputs produced by such tools, and comply with all applicable laws; the definition covers applications or systems used for public-facing products or internal functions including trading, settlement and compliance.
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