The National Stock Exchange (NSE) on September 29, 2023, issued a notification regarding the Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries.
The following has been stated namely: -
• Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries must be reported within 15 calendar days of the expiry of the quarter.
• The submission of AI-ML details is mandatory for all active Members of the Exchange
• Submission of AI-ML reporting should be done through the ENIT module.
• The report for the quarter ends September 30, 2023, shall be submitted through NEW ENIT > COMPLIANCE > ‘ML and AI’ > ML and AI Details.
• The ENIT link for submission shall remain active from October 01, 2023, till October 15, 2023.
• The user manual for submission of AI-ML data or NIL reporting is attached as Annexure I.
• The failure to report AI-ML details within the prescribed timeline would be treated as noncompliance and attract a penalty of Rs. 10,000/- for the quarter.
[Notification No. NSE/COMP/58677]
