SEBI proposes AI, ML usage guidelines in securities markets
SEBI is looking to set some ground rules for how AI and machine learning get used in India's securities markets.
The goal? Make sure these smart tools help investors without causing chaos or risking anyone's money.
Right now, AI is already being used for things like investment advice, risk checks, and keeping an eye out for shady activity.
SEBI's draft rules for AI in India's securities markets
SEBI says companies should have dedicated teams to keep tabs on their AI systems—making sure everything works as it should and can be explained if needed.
Before launching any new AI tool, firms need to test it thoroughly and be upfront with customers about what's powered by AI.
There's also a big focus on keeping records, protecting data, and quickly reporting any tech issues or breaches.
If you've got thoughts on these draft rules, SEBI wants your feedback by July 11.