Madhabi Puri Buch: File IPO papers with fill-in-the-blanks template, AI will process: Sebi chief
[hfe_template id='11223']
[ad_1]
To minimize IPO application delays and clearing time, Sebi chief Madhabi Puri Buch on Friday said the markets regulator is working to start a template-based fill-in-the-blanks kind of application form which will be processed with the help of artificial intelligence (AI). “We have already implemented artificial intelligence (AI) within Sebi for processing of public documents. For instance, a human used to read and see whether the annual report of a REIT or an InvIT is in compliance or not is being done by AI now. The officer validates it and also does some manual checks but 80% of the work is done using AI,” Buch told market participants at a FICCI conference. The regulator is also working on AI-based processing of IPO documents with the final approval coming from an officer. “The normal track (of processing of IPO applications) would be so fast that you won’t need fast track,” she said. To demystify the entire process of IPO filing and ma...