FPI lobby opposes Sebi’s proposed norms for regulating AI and ML

The Asia Securities Industry & Financial Markets Association (Asifma) has raised objections to the Securities and Exchange Board of India’s (Sebi’s) proposed norms for regulating artificial intelligence (AI) and machine learning (ML) tools.

The regulator had floated a consultation paper in November, aiming to bring the usage of AI and ML tools under the regulatory ambit.