Regulation 82AA - Responsibility for the use of artificial intelligence - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

1 [Responsibility for the use of artificial intelligence 82AA. A depository which uses artificial intelligence and machine learning tools and techniques, either designed by it or procured from third-party technology service providers, irrespective of the scale and scenario of adoption of such tools for conducting its business and servicing its clients or constituents, shall be solely responsible a) for the privacy, security and integrity of investors and stakeholders data including data maintained by it in a fiduciary capacity throughout the processes involved; b) for the output arising from the usage of such tools and techniques it relies upon or deals with; and c) for the compliance with applicable laws in force. Explanation : For the purpose of this regulation, the expression artificial intelligence and machine learning tools and techniques may include any application or software program or executable system or a combination thereof, offered by the depository to investors/stakeholders or used internally by it to facilitate trading and settlement or to carry out its activities including for compliance requirements and the same are portrayed as part of the products offered to the public or under usage for compliance or management or other business purposes. ] *************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/225 dated 06-02-2025 w.e.f. 06-02-2025