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 required to fill the Annexure ‘A’ (of the SEBI circular). Copy of SEBI circular is attached herewith as Annexure.
In this regard, stock brokers 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/
Stock brokers, 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, stock brokers 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.
Stock brokers may please note that, in case the details on the captioned matter for current quarter (April 1, 2021 – June 30, 2021) is same as previous quarter (January 1, 2021 - March 31, 2021), 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.
Stock brokers are requested to submit the above mentioned details for the quarter ended June 30, 2021 from July 1, 2021 to July 31, 2021.
In case of any query, please contact following officials:
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Contact no.
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Email ID
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022-2272 8435
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bse.reports@bseindia.com
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022-2272 5785
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For and On behalf of BSE Ltd.
Hiteshkumar Desai Kiran Sawant
Additional General Manager Asst. General Manager
Broker Supervision Broker Supervision
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