Legality of usage of Artificial Intelligence and Machine Learnings by Share Market Intermediary

Autores

DOI:

https://doi.org/10.15175/1984-2503-202315207

Palavras-chave:

Artificial Intelligence (AI), Machine Learning (ML), share market services, financial market services, share market Intermediatory

Resumo

Artificial Intelligence (AI) and Machine Learning (ML) are increasingly utilized in share market services due to significant efficiencies and benefits for companies and investors across the globe. This has resulted in an alteration in the firm’s business models and has a potential impact on the effectiveness of the share market and could harm investors. Indian share market is also witnessing the usage of this technology by market intermediaries. The present regulatory framework of Securities Exchange Board of India (SEBI) on share market intermediaries is not dealing with the Fintech/ technology 2.0-based products and services offered in retail trading and investment advisor platforms in India. The research is primarily based on the normative method presenting a qualitative analysis of the usage of AI & ML in various business models by share market intermediaries. How various share market regulators are addressing and regulating this technology usage and their judicial exposition. The paper concludes that the Indian share market is no exception & SEBI require to look at this new transformation and address the challenges posed by it. SEBI needs to take a proactive step to promote, guide & regulate usages of AI & ML which is gradually seeking the attention of Indian share market intermediaries into their business models and get the maximum benefit out of these technologies. 

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Biografia do Autor

Rahul Jairam Nikam, Faculty of Law, Marwadi University, India

Dr. Rahul J Nikam received the LLM Degree in Corporate Laws in 2008 and a Ph.D. degree in IPR Protection to Outer Space Activities in 2012 from the NALSAR University of Law, Hyderabad, India. He currently works as an Associate Professor at the Faculty of Law, Marwadi University, Rajkot, Gujarat, India. His current research interests include the Technology and Law, Corporate Laws, Policy Reviews, Administration of Law & Policy.

Referências

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Publicado

2023-06-15

Como Citar

Nikam, R. J. (2023). Legality of usage of Artificial Intelligence and Machine Learnings by Share Market Intermediary. Passagens: Revista Internacional De História Política E Cultura Jurídica, 15(2), 319-339. https://doi.org/10.15175/1984-2503-202315207

Edição

Vol. 15 - Nº 2 - Maio a Agosto (2023)

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Artigos

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Copyright (c) 2023 Passagens: Revista Internacional de História Política e Cultura Jurídica

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