The National Stock Exchange (NSE) on October 03, 2022, issued a notification on Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries.
Further referring to the Exchange Circulars NSE/COMP/40174 dated February 07, 2019, and NSE/COMP/52832 dated July 01, 2022, regarding the Reporting of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries, within 15 calendar days of the expiry of the quarter.
Members are advised to submit the report for the quarter on September 30, 2022, through the new digital portal. The link for submission shall remain active till October 15, 2022.
The procedure for uploading through the digital portal is annexed below for reference. Members who don’t use AI-ML systems must also submit a “NIL” report.
Please refer to the Annexure and follow the instructions for such reporting attached to the document.
Failure to report AIML details within the prescribed timelines, would be treated as non-compliance and attract a penalty of Rs. 10,000/- each quarter in accordance with circular ref. no. NSE/INSP/52085 dated April 22, 2022.
All members are advised to ensure submission on or before October 15, 2022
[Notification No. NSE/COMP/53906]
