SEBI explores India-built AI model for securities market supervision
Chairman Tuhin Kanta Pandey said AI could strengthen market oversight as the regulator reviews rules governing overseas investor participation
India's markets regulator, the Securities and Exchange Board of India (SEBI), is exploring the development of an AI model for securities market supervision, according to its chairman. At a Mumbai summit, Tuhin Kanta Pandey stated that SEBI is implementing a global supervisory toolkit for artificial intelligence and considering a domestically governed AI model.
Pandey emphasized that AI-enabled tools could enhance services, risk assessment, and supervision, but their implementation requires reliable data and effective oversight of models with clear accountability for decisions. SEBI is also reviewing compliance requirements for foreign investors and plans to issue a consultation paper on aligning them with global standards.
Despite India streamlining market access and easing digital onboarding for overseas investors, some domestic compliance requirements remain more stringent than those in other major jurisdictions. Pandey highlighted the need for both domestic and foreign capital to support India's growth ambitions, noting that international participation can bring diverse capital and expertise.
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