The EU Artificial Intelligence Act (“AI Act”) exemplifies a highly advanced risk-based approach to European regulation. One of its distinguishing features is the detailed classification of various risk levels associated with...more
11/12/2024
/ Artificial Intelligence ,
Digital Services ,
EU ,
European Commission ,
General Data Protection Regulation (GDPR) ,
Machine Learning ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Technology Sector ,
Transparency
Companies deploying high-risk artificial intelligence (AI) systems must prepare to navigate a complex landscape of new obligations by August 2, 2026. In this post we explain the key obligations for providers and deployers of...more
10/30/2024
/ Artificial Intelligence ,
Automated Systems ,
Data Protection ,
Distributors ,
EU ,
EU Data Protection Laws ,
General Data Protection Regulation (GDPR) ,
Importers ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
Technology Sector ,
Transparency
AI-driven technology has emerged as a cornerstone of our present and future daily lives, revolutionising the way transactions and interactions are organised.
With the increased use of AI systems, there is also an...more
10/22/2024
/ Artificial Intelligence ,
Corporate Governance ,
Data Protection ,
EU ,
Machine Learning ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Stakeholder Engagement ,
Technology Sector
This is the final note in a three-part series on the regulation of artificial intelligence in the financial services sector in the United States, the European Union and the United Kingdom. Our first note, we provided a...more
10/21/2024
/ Artificial Intelligence ,
Consumer Protection Laws ,
Data Protection ,
Enforcement Actions ,
EU ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
Legislative Agendas ,
Liability ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
UK ,
United States
Rapid and accelerating developments in artificial intelligence have prompted governments around the world to consider how AI should be regulated and used responsibly by businesses, without stifling innovation.
This is...more
10/17/2024
/ Artificial Intelligence ,
Capital Markets ,
Data Protection ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Innovative Technology ,
Intellectual Property Protection ,
Machine Learning ,
Privacy Laws ,
Regulatory Agenda ,
Technology Sector ,
UK ,
White Collar Crimes
Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more
10/8/2024
/ Artificial Intelligence ,
Bank of England ,
Bergdorf Goodman ,
Data Collection ,
Data Processors ,
Data Selling ,
Documentation ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Financial Services Industry ,
Information Governance ,
Machine Learning ,
MiFID II ,
Personal Data ,
Popular ,
Privacy Laws ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Standards ,
Risk Management ,
Third-Party ,
Training ,
Transparency ,
UK
One of the key aspects of the EU AI Act (“AI Act”)[1] is linked to the qualification of providers and deployers and the nuances which help distinguish between the two categories of stakeholders. What would this mean in...more
AI is accelerating digital transformation for companies and data governance is a key pillar in this change, enabling data strategies that unlock the potential of AI, and mitigate the risks associated with its use. Data...more
9/12/2024
/ Artificial Intelligence ,
Corporate Governance ,
Data Management ,
Data Privacy ,
Data Protection ,
EU ,
Information Governance ,
Machine Learning ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
UK
The Artificial Intelligence Act (AI Act) entered into force on 1 August 2024 and is the world's first comprehensive legal framework for AI regulation. As companies start incorporating AI tools into their business, products...more
EU Regulation 2024/1689, also known as the Artificial Intelligence Act (AI Act), enters into force as of 1 August 2024. But when will it become applicable?
The AI Act sets out a harmonized legal framework for the...more
8/5/2024
/ Artificial Intelligence ,
Compliance ,
Corporate Governance ,
Data Protection ,
EU ,
Innovative Technology ,
Machine Learning ,
Privacy Laws ,
Regulatory Agenda ,
Regulatory Requirements ,
Risk Management ,
Technology Sector
This blog notes some of the key features of the Addendum. At its core, the Addendum can be used in relation to both controller BCRs and processor BCRs. Organisations then have a choice as to whether they use the Addendum in...more
On 3 October 2023, the European Commission announced a public consultation regarding the draft implementing regulation (Draft Regulation) establishing the European Common Criteria-based cybersecurity certification scheme...more
The UK-US data bridge is the UK Government’s preferred terminology to describe its decision to permit the flow of personal data from the UK to the US, achieved through the UK Extension to the EU-US Data Privacy Framework. The...more
On 10 July 2023, the European Commission adopted the adequacy decision for the EU-U.S. Data Privacy Framework (DPF). This decision enables the free flow of personal data from the EU and three EEA countries (Iceland,...more
The European Data Protection Board (EDPB) published the final version of the Guidelines on the calculation of administrative fines under the GDPR (Guidelines) on 7 June 2023. The Guidelines aim to harmonize the approach to...more
The Pakistan Ministry of Information Technology and Telecommunication (MITT) released a new draft of the Personal Data Protection Bill, 2023 (the PDPB) on 19 May 2023. The PDPB aims to regulate the collection, processing,...more
6/5/2023
/ Cybersecurity ,
Data Controller ,
Data Privacy ,
Data Processors ,
Data Protection ,
EU ,
EU Data Protection Laws ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Pakistan ,
Personal Data
The European Parliament’s committees for Civil Liberties, Justice and Home Affairs (LIBE) and for Internal Market and Consumer Protection (IMCO) adopted a report setting out the Parliament’s vision for the proposed EU...more
The EDPB published its 2022 activity report “Streamlining Enforcement Through Cooperation” (the Activity Report) on 17 April 2023, which provides an overview of the work it carried out in 2022. The report reflects on, amongst...more
Within the past year, a number of countries around the world, including the United States, United Kingdom, France, and The Netherlands have initiated regulatory inquiries and developed new strategies for the purpose of more...more
4/25/2023
/ Corporate Counsel ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
EU ,
Federal Trade Commission (FTC) ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
NIST ,
Popular ,
UK
The Court of Justice of the European Union (CJEU) considered appropriate conditions that apply in respect of specific national legislation which EU member states may adopt under Article 88 GDPR to regulate the processing of...more
The European Data Protection Board (EDPB) held its 77th plenary meeting on 28 March 2023. The EDPB considered the following key topics...more
The Advocate General (AG) Pikamäe of the Court of Justice of the European Union (CJEU) issued his opinions in three cases concerning the credit rating agency SCHUFA Holding AG (SCHUFA) on 16 March 2023....more
3/23/2023
/ Advocate General ,
Court of Justice of the European Union (CJEU) ,
Credit Rating Agencies ,
Data Controller ,
Data Management ,
Data Subject Access Requests ,
Data Subjects Rights ,
DPA ,
EU ,
Financial Services Industry ,
General Data Protection Regulation (GDPR) ,
Information Requests ,
Personal Data
The plenary session of the European Parliament adopted the final versions of the Directive on measures for a high common level of cybersecurity across the Union (NIS2 Directive) and of the Digital Operational Resilience Act...more
On 13 July 2022, the Public Procurement Chamber of the German state of Baden-Württemberg (the Public Procurement Chamber) issued a decision confirming that personal data processed by an EU subsidiary of a parent entity...more
The European Data Protection Board (EDPB) has adopted, on 16 June 2022, the draft guidelines on certification as a tool for transfers of data to third countries without adequacy status (the Guidelines). The text of the...more