In this EU Regulatory compilation from recent weeks, you will find reference to the EDPB Guidelines on Legitimate Interest, the case of the Irish Data Protection Commission on legitimate interest, publication of the 1st draft of the EU General Purpose AI Intelligence Code of Practice as well as the adoption of the ESG Ratings trilogue compromise by the Council.
Policymakers, industry leaders, and experts convened at the European Parliament for the event “Enhancing EU Competitiveness Through High-Quality Business Data”, hosted by MEP Costas Mavrides in cooperation with the Federation of Business Information Services (FEBIS). The event brought to light the vital role of business data and advanced technologies in fostering innovation, combating financial crime, and strengthening Europe’s economic standing.
Today, Regulation (EU) 2024/1689 laying down harmonised rules on artificial intelligence (AI Act) was published in the Official Journal of the European Union.
The EU Parliament approved the Artificial Intelligence Act, that aims to establish a comprehensive regulatory framework for artificial intelligence systems within the European Union.
In total, 1004 days after the European Commission has presented the #AIAct on Wednesday, 21 April 2021, the last technical meeting concluded the legislative negotiations on Friday, 19 January 2024.
On 6 December, the last round of interinstitutional negotiations on the proposal for a regulation on artificial intelligence (AI Act) took place. However, due to the differences between the European Parliament and, the provisional political agreement was not reached.
A technical meeting on the EU’s AI regulation broke down on Friday (10 November) after large EU countries asked to retract the proposed approach for foundation models. Unless the deadlock is broken in the coming days, the whole legislation is at risk.