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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
United Kingdom | Publication | July 2023
On July 11, 2023, HM Treasury (HMT) published a near-final version of the Securitisation Regulations 2023 (Draft Regulations), together with a policy note. The Draft Regulations will the retained version of the EU Securitisation Regulation retained in UK law after Brexit.
In relation to occupational pension schemes, the Draft Regulations restate and amend due diligence requirements for trustees or managers of occupational pension schemes when they invest in securitisations directly. The Draft Regulations also clarify issues relating to liability where scheme responsibilities are delegated. The pensions-related rules are being enacted in legislation because, in contrast to the FCA and Prudential Regulation Authority (PRA), the Regulator does not have power to make binding rules.
New regulation 42 will impose duties on the Regulator to maintain arrangements enabling it to determine whether trustees or managers are complying with the due diligence requirements and enforcing compliance where necessary.
The Regulator's responsibility for supervising compliance with the requirements applying under the UK Securitisation Regulation is being transferred to the FCA.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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