15 November 2024
The proposed Product Regulation and Metrology Bill aims to provide a ‘pragmatic response’ to safety risks and technological opportunities arising since the late 1980s, but what are its implications for businesses which use artificial intelligence (AI) and their insurers? In this week’s NLJ, John Doherty, partner and head of regulatory, Penningtons Manches Cooper, considers what shape the Bill might take.
He notes that governments around the world are in a similar position, considering how to update their regulatory regimes in response to the challenges of AI. For the UK, ‘the current government will also be presented with a choice between greater alignment with, or divergence from, the regulatory regimes of the world’s largest trading block. As it stands, any changes at the EU level will only apply in Northern Ireland’.
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