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NOTICES
Notice No.   20230331-85   Notice Date   31 Mar 2023
Category   Compliance   Segment   General
Subject   Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries
Attachments   Annexure.pdf ;
Content

This is with reference to SEBI circular no. SEBI/HO/MIRSD/DOS2/CIR/P/2019/10 dated January 4, 2019 and Exchange notice no. 20190107-8 dated January 7, 2019 regarding “Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries” wherein stock brokers are require to fill the Annexure ‘A’ (of the SEBI circular) and make submissions on quarterly basis within 15 calendar days of the expiry of the quarter. Copy of SEBI circular is attached herewith as Annexure.

In this regard, stockbrokers are required to submit the details on the captioned matter through BEFS in module “Artificial Intelligence (AI) and Machine Language”.  Link of BEFS is as given below:

https://befs.bseindia.com/

 

Stockbrokers, who are offering or using applications or systems as defined in Annexure ‘B’ to aforesaid SEBI Circular are required to submit the details in AI/ML Reporting Form. Further, stockbrokers who are not offering or using the applications or systems as defined in Annexure ‘B’ are also required submit the AI/ML Reporting Form by selecting the option as “No” in BEFS.

 

Stockbrokers may please note that in case the details on the captioned matter for current quarter (January 1, 2023 – March 31, 2023) is same as previous quarter (October 1, 2022 – December 31, 2022), an option has been provided in BEFS as “Replicate data” to submit the details.

 

Submission process will be considered complete only on receiving “Acknowledgement mail”.

 

Annexure ‘B’ and user manual is attached on the top right after clicking on module in BEFS.

 

Stockbrokers are requested to submit the above-mentioned details for the quarter ended March 31, 2023, from April 1, 2023, to April 15, 2023.

 

In case of any query, please contact following officials:

 

Contact no.

Email ID

022-2272 8435

         bse.reports@bseindia.com

022-2272 5785

 

For and on behalf of BSE Ltd.  

 

 

Hiteshkumar Desai                                                          Josephine Baretto

General Manager                                                             Manager

Broker’s Supervision                                                       Broker’s Supervision