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ARTICLE · 25 APRIL 2024

Navigating The AI Frontier: A Comprehensive Guide To Current And Proposed Regulations

MK Fintech Partners
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The EU AI Act (COM/2021/206) is hailed as the first comprehensive regulation on AI.

MaltaTechnology
Max Frilot
Max Frilot
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EU AI Regulations

AI REGULATION​ IN THE EU

The EU AI Act (COM/2021/206) is hailed as the first comprehensive regulation on AI. It represents a significant milestone in AI governance via legislation. It aims to establish a harmonised framework for AI regulation across EU member states.

The Act's key provisions include a risk-based approach to AI governance. Specifically, with stringent requirements for high-risk AI systems to undergo conformity assessments. These assessments are conducted by notified bodies accredited by EU member states, instilling accountability and oversight in the development and deployment of high-risk AI applications.

Additionally, the Act imposes strict prohibitions on certain AI applications deemed unacceptable. Social scoring systems and real-time biometric identification in public spaces are a good example of this. By delineating clear boundaries on permissible AI applications, the EU aims to safeguard fundamental

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