The India International Exchange (INX) on July 02, 2024, issued a circular regarding the change in the submission timeline for reporting Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries.
The following has been stated: -
•This is in reference to Exchange circular no. 20240401-4 dated April 01, 2024, regarding reporting of Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries.
•The Revised Timeline for reporting AI/ML applications is Annually (FY ended March 31) within 15 calendar days from the year ending.
•The next reporting of Artificial Intelligence (AI) and Machine learning (ML) applications and systems offered and used by market intermediaries will be for the year ended March 31, 2025, and the same shall be reported by April 15, 2025.
The detailed circular is given in the document below.
[Circular Ref. No.: 20240702-4]
