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ARTICLE · 11 JULY 2024

The Role Of ISO/IEC 42001 In AI Governance

Osler, Hoskin & Harcourt LLP
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The rapid advancement of artificial intelligence (AI) has brought about a complex landscape of regulatory challenges and ethical considerations.

GlobalTechnology
Sam Ip
Sam Ip
Joseph Ierullo
Joseph Ierullo
Iman Jaffari
Iman Jaffari
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Global overview of emerging AI standards

The rapid advancement of artificial intelligence (AI) has brought about a complex landscape of regulatory challenges and ethical considerations. To navigate them, several key regulatory frameworks and standards have been developed.

In Canada, the proposed Artificial Intelligence and Data Act (Part 3 of Bill C-27) aims to regulate AI systems comprehensively, focusing on safeguarding individuals and regulating responsible AI development and adoption. In the European Union (EU), the Artificial Intelligence Act was finalized and received approval from the Council of the EU on May 21, 2024. This Act takes a risk-based approach to regulation, categorizing AI systems by risk level and imposing corresponding regulatory requirements. Meanwhile, the U.S. National Institute of Standards and Technology's AI Risk Management Framework offers guidelines for organizations to assess and mitigate AI-related risks. In addition to these

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