SEBI proposes stricter accountability for AI/ML use in financial markets
The consultation paper, released on November 13, outlines amendments allowing SEBI to take action in case of lapses in AI/ML usage.
The consultation paper, released on November 13, outlines amendments allowing SEBI to take action in case of lapses in AI/ML usage.
SEBI has introduced a Business Continuity Planning and Disaster Recovery framework, similar to standards for stock brokers, to protect institutional investors who represent significant trading volumes
The latest reforms aim to standardise this system across the market, aligning with the goal of providing investors more control and flexibility over their funds
UPSI refers to non-public information about a company or its securities that, when disclosed, could significantly impact their market price.
The consultation paper also covers eight key areas related to the interests of AMC employees and unit holders, focusing on easing compliance for AMC staff.
Effective immediately, this framework is designed to streamline overseas investments and provide greater clarity for investors.
To curb unregistered advice and unauthorised market claims, SEBI released a consultation paper outlining measures like a verified label or badge system for SEBI-registered entities on Tuesday.
SEBI has also mandated that investors will provide their UPI ID, linked to their bank account, in the bid-cum-application form submitted to intermediaries.
Under the new guidelines, trading will commence on the second working day after the record date, reducing delays and improving market efficiency.
Their six-page rebuttal offers detailed clarifications, addressing the "malicious campaign", particularly regarding Dhaval's consulting assignments and Madhabi's tenure at SEBI as the chairperson.