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Risk-Based Approaches

Wenning Environmental

Will damage, impact, and risk assessment get “DOGE’d”?

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President Trump’s January 31, 2025, executive order (EO), Unleashing Prosperity Through Deregulation, and the White House Council on Environmental Quality (CEQ) February 25 interim final rule removing CEQ regulations...more

Troutman Pepper Locke

NAIC Establishes the Risk-Based Capital Model Governance (EX) Task Force in 2025

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The 2025 National Association of Insurance Commissioners (NAIC) President and North Dakota Insurance Commissioner Jon Godfread has stated that...more

NAVEX

The Framework Convention on AI: A Landmark Agreement for Ethical AI

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AI is changing the world, but how do we ensure we’re developing and using it ethically? In September 2024, the new Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law was opened for...more

Troutman Pepper Locke

Private Credit Fund Investments: How New NAIC Rules Could Affect Insurance Companies

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The National Association of Insurance Commissioners (NAIC) held its Summer National Meeting, at which it adopted new guidelines allowing state regulators or NAIC staff to override formerly automatic ratings on investments....more

WilmerHale

Navigating Generative AI Under the European Union’s Artificial Intelligence Act

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This blog post focuses on how the EU’s Artificial Intelligence Act (“AI Act”) regulates generative AI, which the AI Act refers to as General-Purpose AI (“GPAI”) Models....more

WilmerHale

Obligations for Deployers, Providers, Importers and Distributors of High-Risk AI Systems in the European Union’s Artificial...

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In this blog post, we will focus on obligations that the European Union’s Artificial Intelligence Act (AI Act) sets for deployers, providers, importers and distributors regarding high-risk AI systems....more

DLA Piper

From Innovation to Implementation: Regulating AI in Aotearoa New Zealand

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It’s fair to say that Aotearoa New Zealand’s approach to regulation (and empowerment) of the rapid adoption of AI-enabled solutions has been conspicuous in its absence to date. New Zealand’s Privacy Commissioner is the only...more

Robinson+Cole Data Privacy + Security Insider

Colorado’s First of its Kind Consumer Protections for Artificial Intelligence

On May 17, 2024, Colorado Governor Jared Polis signed, “with reservations,” Senate Bill 42-205, “Concerning Consumer Protections in Interactions with Artificial Intelligence Systems” (the Act). The first of its kind in the...more

Baker Donelson

EU AI Act Tightens Grip on High-Risk AI Systems: Five Critical Questions for U.S. Companies

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A new era of AI legislation has begun as the EU AI Act enters into force on August 1, 2024. With broad extraterritorial reach, significant penalties of up to seven percent of worldwide annual turnover, and an emphasis on...more

Polsinelli

The EU AI Act is Here, and the Clock is Ticking!

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The EU AI Act is here, folks! Now that the Act has been officially published in the OJEU, it will go into force in 7 days on August 2, 2024. Now is the time to set your timers to align with the compliance calendar...more

WilmerHale

What Are High-Risk AI Systems Within the Meaning of the EU’s AI Act, and What Requirements Apply to Them?

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In this blog post, we will focus on the identification of “high-risk AI systems” under the Artificial Intelligence Act (“AI Act”) and the requirements applying to such systems. As explained in our previous blog posts, the AI...more

Fenwick & West LLP

BIS Report Highlights Increased U.S. Export Controls Enforcement and Risks to Industry

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The Bureau of Industry and Security (BIS) released its latest Don’t Let This Happen to You! report, summarizing recent U.S. export control civil and criminal enforcement actions....more

Latham & Watkins LLP

EU AI Act: Navigating a Brave New World

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After three years of legislative debate, the Council of the European Union cast its final vote on the European Union (EU) Artificial Intelligence (AI) Act on 21 May 2024. Once published in the EU Official Journal in June, the...more

Ankura

The EU’s AI Act: Obligations of AI Users and GDPR Article 35

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In December 2023, European Union (EU) lawmakers reached an agreement on the EU AI Act. In our article titled An Introduction to the EU AI Act, we focused on applicability, thresholds, timing, and penalties related to the EU...more

WilmerHale

Prohibited AI Practices - A Deep Dive into Article 5 of the European Union’s AI Act

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This blog post focuses on Artificial Intelligence (AI) practices prohibited under the EU AI Act. Article 5 of the AI Act essentially prohibits AI practices that materially distort peoples’ behavior or that raise serious...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

European Parliament Adopts Artificial Intelligence Act

On March 13, 2024, European Union policymakers finally passed the long anticipated Artificial Intelligence Act (AI Act), the world’s first comprehensive artificial intelligence (AI) legislation, providing employers with...more

Foster Garvey PC

European Union's AI Act: Landmark Legislation for Artificial Intelligence

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On March 13, 2024, the European Parliament approved the Artificial Intelligence (AI) Act. This law is the first-ever comprehensive legal framework on AI and will likely be a model around the world. The AI Act takes a...more

Goodwin

Series 1 - The World’s First AI Regulation Is Here

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Yesterday, March 13, 2024, the European Parliament approved the EU Artificial Intelligence Act (“AI Act”), a sweeping AI governance framework which presents the first comprehensive law in the world aimed at ensuring AI...more

Baker Donelson

Who's Who under the EU AI Act: Spotlight on Key Actors

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Who will play the leading role if we make a new series about AI? If you interview Steven Spielberg, Sundar Pichai, and Sam Altman, you might receive three distinct ideas ranging from the 2001 classic "AI: Artificial...more

Benesch

European Union Artificial Intelligence Act: An Overview

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On March 13, 2024, the EU AI Act received its final assent from the EU Parliament with 523 votes in favor, 46 against and 49 abstentions, bringing it one step closer to adoption. Minor linguistic changes are still to be...more

Hudson Cook, LLP

CFPB Issues First Risk-Based Supervision Order

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On February 23, the Consumer Financial Protection Bureau announced its first decision designating a nonbank lender for supervision based on potential risk to consumers. As the CFPB emphasized in its press release, however,...more

Smart & Biggar

Medical Devices updates: Annual performance report, new guiding principles for PCCPs for machine learning-enabled medical devices,...

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Medical Devices Directorate Performance Annual Report - In September 2023, Health Canada published the Medical Devices Directorate Performance Annual Report for April 1, 2022, through March 31, 2023. The report provides...more

Nelson Mullins Riley & Scarborough LLP

[Hybrid Event] 2023 Value-Based Care Conference: Implementing Value-Based Strategies - November 2nd, Fort Lauderdale, FL

On Thursday November 2, Nelson Mullins will again host its annual and highly successful Value-Based Care Conference at the beautiful Tower Club in Fort Lauderdale. The keynote speaker will be Juliette Price, the Chief...more

Mintz

Foreshadowing Biden’s AI Executive Order? — AI: The Washington Report

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Welcome to this week's issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies. The accelerating advances in artificial intelligence (“AI”) and the practical,...more

Latham & Watkins LLP

FRB Clarifies Supervision of Digital Assets and Bank-Fintech Partnerships

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A new program addresses innovative banking activities such as bank-fintech partnerships and digital assets while reinforcing guardrails around stablecoin activity. On August 8, 2023, the Board of Governors of the Federal...more

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