![A milestone in the history of artificial intelligence with the approval by the European Parliament of the AI Act, the world’s first major set of regulatory ground rules to govern the artificial intelligence. 5 AdobeStock 661332697 scaled](https://i0.wp.com/brouxelrabia.lu/wp-content/uploads/2024/04/AdobeStock_661332697-scaled.jpeg?fit=768%2C276&ssl=1)
Payment services: new rules in sight
A new EU regulation 2024/886 will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries…
The AI Act, proposed by the European Commission (COM 2021/0206) and approved by the Council of EU Ministers on February 2024, is a legislative framework aiming to regulate the ethical use of artificial intelligence within the European Union (the “EU”), addressing challenges and promoting responsible innovation.
The final adoption by the European Council of the AI Act should occur mid-April 2024.
Its purpose is to establish guidelines that promote responsible AI development and deployment within the EU.
In summary, the EU’s proposed AI regulation aims to:
In summary, the EU’s AI regulation impacts various stakeholders:
The CSSF white paper dated 2018 will still be valid and is already based on a risk approach.
Our cross-practice teams of specialists provide the extensive and all-encompassing legal knowledge required to navigate the multidisciplinary intersection of AI and the AI act, such as data protection, regulatory, compliance, corporate, contracts etc.
Read more about the AI Act here.
For further information and to discuss what this development might mean for you, please do not hesitate to contact our corporate team at the following address: welcome@brouxelrabia.lu.
A new EU regulation 2024/886 will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries…
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