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What you need to know about the amendments to the AIFM and UCITS Directives made in the AIFMD II Proposal
On 7 February 2024, the European Parliament adopted the directive amending the AIFM and UCITS Directives…
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.
On 7 February 2024, the European Parliament adopted the directive amending the AIFM and UCITS Directives…
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