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Providers of AI Systems Ten Steps Towards Future Compliance

The global AI market was valued at $95.60 billion in 2021 and is predicted to reach $1.85 trillion by 2030, registering a compound annual growth rate of 32.9%. Alongside this growth and the proliferation of AI use cases...more

Regulation Round Up - July 2023

31 July - ESG: The European Commission adopted a Commission Delegated Regulation, setting out the first set of European Sustainability Reporting Standards (“ESRS”), together with a Q&A (see press release). The ESRS specify...more

Trying to Keep Up – The FCA’s Regulatory Approach to Big Tech and Artificial Intelligence

Background On 12 July 2023 Nikhil Rathi, the CEO of the UK’s Financial Conduct Authority (“FCA”), delivered a speech on the FCA’s regulatory approach to Big Tech and Artificial Intelligence (“AI”)....more

Key Issues to Consider When Investing In or Contracting With AI Businesses

While many types of AI have existed in some form for several years, the new generation of sophisticated AI solutions, especially generative AI (“GenAI”), has driven a rise in AI use cases, including tools to create and debug...more

Regulation Round Up - April 2023

Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in April 2023: 28 April FCA Handbook: The Financial Conduct...more

Regulation Round Up - March 2023

31 March - SFTR: The European Securities and Markets Authority (“ESMA”) published an updated version of its Q&As (ESMA74-362-893) on complying with reporting requirements under the Regulation on reporting and transparency...more

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