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Why Trust Matters for the National Artificial Intelligence Research Resource Task Force
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CEPOL - European Police College (via Public) / Regulation of Artificial Intelligence – CEPOL takes part in virtual conference
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The Eastern Partnership (EaP) needs an upgrade. This flagship policy of the European Union needs to evolve in line with the changing priorities and interests of the bloc and its eastern neighbours in everything from anti-corruption and security cooperation to gender equality and the environment. As the EU works to reform the EaP in such areas, it should pay particular attention to digitalisation: some of the bloc’s eastern partners have a keen interest in cooperation on the digital single market.
Digitalisation creates huge opportunities for economic and social development in EaP countries. Globally, Moldova ranks in 47th place for its use of information and communications technology, while Georgia and Ukraine rank in 57th place and 74th place respectively. These countries also have very dynamic IT sectors, creating significant potential for synergy with the EU in this area.
Surveys and Reports
Regulatory Developments
United Kingdom: Financial Services Act 2021 becomes law
On 29 April 2021, the Financial Services Bill 2019-21 received Royal Assent. In a press release, HM Treasury described the Financial Services Act 2021 (the Act) as a ‘major milestone in shaping a regulatory framework for UK financial services outside of the EU.’ The Act makes significant amendments to key legislation, including the Financial Services and Markets Act 2000 (FSMA) and onshored EU financial services regulation.
Sections of particular relevance include the following:
Section 29 requires the FCA to consult on whether it should make rules providing that authorised persons owe a duty of care to consumers. The consultation was launched on 14 May 2021 (see the separate item below). The FCA must publish the results of its analysis before 1 January 2022 and make final rules by 1 August 2022;
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