Index Brief — AI Mission & Tech Policy

SEBI Mandates Half-Yearly AI/ML Reporting for Financial Custodians

This report details significant policy updates concerning AI regulation between January 19 and January 25, 2024. This intelligence is brought to you by policyindex.ai.

• The Securities and Exchange Board of India (SEBI) has mandated half-yearly AI/ML regulatory reporting for Designated Depository Participants (DDPs) and Custodians.
• This new requirement aims to establish uniform compliance standards and enhance regulatory oversight of AI/ML applications within the financial sector.
• The reporting obligation is scheduled to commence with submissions due for the period ending February 2024.

Deep Dive: Key Developments

SEBI Mandates Half-Yearly AI/ML Regulatory Reporting for DDPs and Custodians

The Securities and Exchange Board of India (SEBI) has introduced a new regulatory requirement for Designated Depository Participants (DDPs) and Custodians. These entities are now mandated to submit half-yearly reports detailing their AI/ML activities and deployments. This direc…