Sebi will soon issue guidelines for the responsible use of artificial intelligence (AI) and machine learning in India’s securities market, with the rules expected to cover a “kill switch,” human oversight and data controls.
The move comes as India’s capital markets expand rapidly, with around 149 million unique investors and market capitalisation at around 132% of GDP, Sebi Chairman Tuhin Kanta Pandey said at FICCI’s 23rd Annual Capital Markets Conference on August 19.
