RBI Information
The draft Guidance on Regulatory Principles for Model Risk Management, 2026 states that human-oversight arrangements must include override, suspension, or deactivation mechanisms, including kill-switch arrangements for AI models.
Contextual Interpretation
For AI or ML models making decisions without continuous human intervention, RBI expects a functional kill-switch that can halt model execution or output when triggered by a human or automated safety signal.
Governance Decision
Proceed with conditions: deploy only after the kill-switch is documented, tested, access-controlled, and integrated into the model-risk management framework.
Evidence
Guidance on Regulatory Principles for Model Risk Management, 2026 Draft, Human Oversight section; override, suspension, and deactivation mechanisms including kill-switch arrangements.
Action
Design and implement a kill-switch, record activation events, notify relevant stakeholders, and complete governance review before production use.