Miguel Afonso Caetano#AI #Algorithms #AlgorithmicRecommendation #Taiwan: "Taiwan’s regulator is aiming to strengthen investor protection against potential mis-selling and inappropriate investment advice from robo-advisers as take-up of artificial intelligence grows more widespread.
The move could see Taiwan become the first market in the world to regulate the algorithms that robo-advisers adopt to make recommendations.
Chang Tzu-min, deputy director-general of the Securities and Futures Bureau, in April said the authority planned to require industry participants to set up supervisory committees that include external experts to enhance investor protection.
Chang said Taiwan’s Financial Supervisory Commission would set up an external expert panel to review the algorithms to assess their ability to react to changes in the market and review whether financial groups could manipulate results generated by the algorithms."
