While many AI pundits are keenly paying attention to the ongoing EU trialogue on the EU AI Act, at the end of August 2023 Spain took a proactive step and established Europe’s first AI regulator. The Spanish Agency for the Supervision of Artificial Intelligence (“AESIA“) was formed byContinue Reading Spain – EU’s first AI regulator
Following the launch of Open AI’s ChatGPT late last year, several Chinese companies and universities have sought to produce similar alternatives within China. Naturally, proliferation of such technology has attracted the attention of Chinese regulators, in particular the Cyberspace Administration of China (CAC), which has on 11 April 2023 released…Continue Reading China’s cyberspace regulator releases draft measures for managing generative AI services
On 6 December 2022, the Council of the European Union (“EU Council”) announced that it had adopted a position on its general approach to the development of a harmonised regime for regulating AI in the EU (the proposed EU AI Act (“AI Act”)).
The adoption is…Continue Reading A new approach to regulating AI: EU Council announces adoption of a general approach to the harmonisation of AI regulation
On 7 June 2022, a new EU-wide regime to ensure the swift take-down of online terrorist content within one hour – on pain of civil fine – entered into force. This insight will discuss what EU Regulation 2021/784 (Regulation) means for hosting service providers (HSPs) in…Continue Reading What does the new EU Terrorist Content Regulation mean for Hosting Service Providers?
Following the publication of the Financial Services and Markets Bill (“FSM Bill”) on 20 July 2022, the Prudential Regulatory Authority (“PRA”), the Financial Conduct Authority (“FCA”) and the Bank of England (“BoE”) (together, the “Supervisory Authorities”) on 21 July 2022 published their Discussion Paper P3/22 (the “DP”) that sets out…Continue Reading Operational resilience in the UK financial services sector: New requirements aimed at ‘critical third parties’ to be introduced
The proposed EU AI Regulation, a comprehensive regime for the purposes of regulating AI in the EU, is set to impact organizations around the world. It is expected that the proposed regulation will be enacted in 2024 or 2025. Once that happens, those that make AI available within the EU,…
Continue Reading Coming EU legislation will change the AI regulatory environment for healthcare technology and life sciences companies
The recent enrolment of one of the world’s largest cryptocurrency exchanges in the special section of the so-called “Organismo degli Agenti e Mediatori” (OAM) in Italy is something that should not go unnoticed for at least two reasons: (i) first of all, we will observe for the first time how…
Continue Reading Cryptocurrency exchanges officially in Italy. What are the applicable regulatory requirements?