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Regulatory Agenda Enforcement European Union

Proskauer Rose LLP

Regulation Round Up - August 2024

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Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more

Neal, Gerber & Eisenberg LLP

EU Sets Key Artificial Intelligence Regulation Dates

On August 1, 2024, the regulation of artificial intelligence (AI) took a major leap forward as the EU AI Act officially entered into force. While the Act is enforced within the EU, its extraterritorial scope has important...more

A&O Shearman

AI Act published in EU Official Journal to enter into force on 1 August 2024

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On 12 July, 2024, the Regulation (EU) 2024/1689 laying down harmonised rules on artificial intelligence (the ‘EU AI Act’) was published in the official Journal of the European Union. The EU AI Act aims to establish a...more

Thomas Fox - Compliance Evangelist

The UK Election and Its Implications for Compliance Professionals

Last week saw the greatest wipeout in the recorded history of UK governments, which saw the Tories being swept from power and losing over 400 seats in Parliament. Labor took over with a commanding presence, securing around...more

White & Case LLP

Time to get to know your supply chain: EU adopts Corporate Sustainability Due Diligence Directive

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After a two-and-half-year legislative journey, the EU's Corporate Sustainability Due Diligence Directive ("CSDDD"), has been formally adopted, and was published in the EU Official Journal on 5 July 2024.1 It will come into...more

Foley Hoag LLP - Global Business and Human...

New E.U. Forced Labor Law and the Global Effort to Prevent Forced Labor in Corporate Supply Chains

On April 23, 2024, the European Parliament adopted, by an overwhelming 555-6 majority, a landmark law that will establish a sweeping and forceful regulatory regime to prohibit any products made using forced labor from being...more

White & Case LLP

AI Watch: Global regulatory tracker - OECD

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The OECD's AI recommendations encourage Member States to uphold principles of trustworthy AI. Laws/Regulations directly regulating AI (the “AI Regulations”) The OECD's Recommendation of the Council on Artificial...more

White & Case LLP

AI Watch: Global regulatory tracker - Singapore

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Singapore's AI frameworks guide AI ethical and governance principles, with existing sector-specific regulations addressing AI risks. Laws/Regulations directly regulating AI (the “AI Regulations”) Currently, there are...more

Perkins Coie

States Begin To Regulate AI in Absence of Federal Legislation

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The European Union seized the early global lead in regulating artificial intelligence (AI) by passing its AI Act on March 13, 2024, following a lengthy legislative process. Meanwhile, across the Atlantic, the U.S. Congress...more

White & Case LLP

AI Watch: Global regulatory tracker - Council of Europe

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Artificial intelligence (AI) has made enormous strides in recent years and has increasingly moved into the public consciousness. Increases in computational power, coupled with advances in machine learning, have fueled the...more

Goodwin

CFPB and European Commission Release Report Regarding “Critical” Priority Areas for Consumer Financial Protection Issues

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In April 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) and the Commissioner for Justice and Consumer Protection of the European Commission (European Commission) announced that three meetings had been...more

Jenner & Block

Client Alert: The EU Regulation Banning Products Made with Forced Labour: Key Provisions to Note

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On 23 April 2024, the European Parliament approved the much-anticipated regulation banning products made with forced labour from entering the EU market (the ‘Forced Labour Ban’). The approved text builds on the provisions of...more

Proskauer - The Capital Commitment

ESG in 2024: Traps for the Unwary

ESG continues to be a hot topic for 2024 for investors and regulators alike. The specific concerns investors and regulators have – and what they expect to develop over the coming months – differ, however, across...more

HaystackID

Collusive Algorithms? Understanding the Antitrust Implications of Digital Consensus

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Editor's Note: "Collusive Algorithms? Understanding the Antitrust Implications of Digital Consensus" provides a timely exploration into the antitrust challenges posed by algorithmic consensus in the digital age. This article...more

Bass, Berry & Sims PLC

EU Parliament Adopts Act Regulating the Use of Artificial Intelligence

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On March 13, the European Parliament voted to adopt the Artificial Intelligence Act (Act), nearly three years after it was initially proposed. Once the European Council adopts the Act, and after final legislative formalities,...more

McDermott Will & Emery

The AI Act: The EU’s Bid to Set the Global Standard for AI Regulation

McDermott Will & Emery on

In a groundbreaking move, the European Union has launched its bid to set the new comprehensive standard for the regulation of artificial intelligence (AI) with the European Parliament passing the EU AI Act on March 13, 2024....more

A&O Shearman

Key Regulatory Topics: Weekly Update 23-29 Feb 2024

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Amongst the broad range of updates this week, at international level, the FSB published its thematic peer review on MMF Reforms and the BCBS published the outcomes of its meeting held on 28 and 29 February, including that it...more

White & Case LLP

Global merger control trends

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Global merger control enforcement has become more interventionist across Europe, the US, Middle East and Australia, with antitrust regulators increasingly inclined to scrutinize and challenge mergers. Against the backdrop of...more

Barnea Jaffa Lande & Co.

Privacy and AI in Israel and worldwide: a look to 2024

During 2023, privacy protection and artificial intelligence regulation continued apace and their implications continued to be a major focus in Israel and around the world. In Israel, this was reflected in a number of...more

Mintz - Antitrust Viewpoints

Three Trends in AI Regulation in 2023 — AI: The Washington Report

Welcome to this week’s issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies. The year 2023 has been a significant one for artificial intelligence and AI...more

Wilson Sonsini Goodrich & Rosati

[Webinar] AI-volution | New Legal AI Developments in the U.S., the EU, the UK, and China: Differences and Similarities - December...

Global approaches to regulating AI are evolving quickly, creating a complex web of requirements for companies to navigate. From President Biden's recent Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence...more

Perkins Coie

UK Online Safety Act Becomes Law: What To Expect Next

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Last week, the UK’s Online Safety Bill received royal assent and became law. With this development, Ofcom, the regulator for the new Online Safety Act (the Act or OSA), has published a roadmap to explain how the Act will be...more

A&O Shearman

Real-world disputes in the virtual world

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The laws that govern the metaverse are grounded in those of Planet Earth. Private civil laws relating to contract, tort, IP and data privacy all bite, as do criminal and regulatory laws. Where the difference lies is in their...more

Dechert LLP

Dechert Cyber Bits - Issue 37

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California Court Pauses Enforcement of Most Recent CCPA Regulations until March 2024 - On June 30, 2023, the Superior Court of California, County of Sacramento (California Chamber Of Commerce v. California Privacy...more

White & Case LLP

The Draft DMA Implementing Regulation – Balancing effectiveness with due process?

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On 9 December 2022, the European Commission published its draft DMA Implementing Regulation for consultation, together with the proposed Notification Form for "gatekeepers". The text deals with notifications, submissions and...more

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