Artificial Intelligence

What is FS2/23?

In October 2022, The Bank of England, Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) published a discussion paper, (DP) 5/22, regarding the use of AI and Machine Learning (ML) in UK financial services and the regulators’ supervisory activity. A subsequent feedback statement, FS2/23

Continue Reading FS2/33: A guide to future AI regulatory approaches in the financial services sector?

On 31 August 2023, the UK Parliament’s House of Commons Science, Innovation, and Technology Committee issued its interim report (“Report”) on the governance of artificial intelligence (“AI”) – a matter that has for some time been the focus of policy development across the world. The report

Continue Reading UK Parliamentary Committee sets the stage for the future of artificial intelligence governance policy

On 13 July 2023, China’s Cyberspace Administration of China (CAC) and six other regulators have jointly passed the Interim Measures for the Management of Generative Artificial Intelligence Services (GenAI Measures) which come into force on 15 August 2023. The new law, which is the first of

Continue Reading China: New Measures on Generative Artificial Intelligence

The Chilean parliament has begun to discuss a Bill aimed at incorporating legal and ethical issues into the creation, distribution, commercialization, and use of artificial intelligence (AI). It also attempts to ensure a balance that guarantees the protection of citizens’ fundamental rights without unduly hindering or preventing development of and access to

Continue Reading Chile takes first steps towards regulation of Artificial Intelligence

Over the course of 13 and 14 June, European members of Parliament have sought to finalise their position on the latest version of the EU AI Act, Europe’s approach to the future regulation of AI in the market. Should a parliamentary position be settled, despite uncertainty caused by several

Continue Reading The Final Countdown? EU begins trilogue discussions on the latest EU AI Act text and calls for interoperable codes of conduct

On 1 June, the UK’s Competition and Markets Authority (“CMA”) issued their response (“Response”) to the UK Government’s (“Government”) AI White Paper (“Paper”) consultation, detailing their considerations on the proposed framework the UK seeks to implement in the regulation of artificial intelligence

Continue Reading Maintaining the Competitive Edge: Competition and Markets Authority responds to the UK Government’s AI White Paper