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
On Wednesday, the UK Government published its new Data (Use and Access) Bill with a promise that it will ‘harness the enormous power of data to boost the UK economy by GBP10 billion’ and ‘unlock the secure and effective use...more
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
The UK Information Commissioner’s Office (ICO) issued guidance on content moderation technologies and processes for the first time (the Guidance). In its press release on 16 February 2024, the ICO flagged the need for content...more
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
The Office of the Privacy Commissioner of Canada (the OPC) published two new resolutions which aim to protect the privacy of employees and young people, on 6 October 2023. The resolutions follow concerns of privacy federal,...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 UK National Cyber Security Centre (NCSC) published its guidance on shadow IT on 27 July 2023.
‘Shadow IT’ are unknown assets that are used within an organisation for business purposes (including in certain cloud...more
The White House announced on 21 July 2023 that seven companies involved in development of artificial intelligence (AI) technology had voluntarily committed to manage the risks posed by AI. These companies are: Amazon,...more
The UK National Cyber Security Centre (NCSC) revised its guidance on risk management on 26 June 2023, which was last updated in 2018....more
The UK Information Commissioner's Office (ICO) published a report on neurotechnology and released an accompanying statement on 8 June 2023....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
In the five years since the European Union’s General Data Protection Regulation came into force, what have been the main learnings for business, and what will the future hold?...more
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