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:
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 (October 1, 2022 – December 31, 2022) is same as previous quarter (July 1, 2022 – September 30, 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 December 31, 2022, from January 1, 2023 to January 15, 2023.
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.
Jyoti Thukral Josephine Baretto
Sr. Manager Manager
Broker Supervision Broker Supervision