SEBI asks fund house to furnish AI-based system details
May 08 2019
News Category: Regulatory Updates
According to media reports, Securities and Exchange Board of India (SEBI) has directed fund companies to submit details of their Artificial Intelligence (AI) based systems and applications on a quarterly basis. Fund houses are required to submit these details from the quarter ending Jun 2019 to Association of Mutual Funds in India (AMFI). This is part of SEBI’s effort to step up its surveillance on mutual funds by acquiring deeper understanding of the AI policies.