The Regulator has revised its guidance on cyber security to help trustees and scheme managers meet their duties to assess risk, ensure controls are in place, and respond to incidents. 

For the first time, the Regulator is requesting that trustees and scheme providers report (on a voluntary basis) significant cyber incidents as soon as reasonably practicable so the Regulator can build a better picture of the cyber risk facing the industry and its members. 



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Lesley Browning
Lesley Browning
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lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

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Artificial intelligence and liability: key takeaways from recent EU legislative initiatives

The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.

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On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission and published in the EU Official Journal (Delegated Regulation (EU) 2023/2485 of 27 June 2023) (the Climate Delegated Act Amendment).

EMEA | July 04, 2024

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