Increased regulatory burdens on asset management businesses have resulted in additional cost pressures. However, regulation has also required more pricing transparency, which has led to an increasingly competitive market, with investors demanding either ultra-low cost or increasingly bespoke investment solutions.

Individuals have the right to receive meaningful information about solely automated decisions with significant effects under the General Data Protection Regulation (GDPR). This includes decisions that will impact an individual’s finances or employment.

The EU AI Act’s prohibitions came into effect on 2 February 2025 and carry fines of 7% worldwide annual turnover for non-compliance. The prohibitions at Article 5 and accompanying recitals (particularly recitals 28-44) set out a complex set of provisions.

The European Commission (EC) published a communication on an EU toolbox for safe and sustainable e-commerce, complementing investigations under the DSA into e-commerce platform Shein, and a coordinated investigation by the EU's Consumer Protection Network.

The EU’s AI Act imposes extensive obligations on the development and use of AI.

The EU AI Act’s obligations begin to apply from 2 February. The first obligations to apply are the prohibitions, which ban the provision or use of AI in some scenarios. Fines are up to 7% of total worldwide annual turnover for non-compliance.

Ofcom has published its guidance for implementing age assurance measures for regulated service providers. User-to-user (U2U) services and search services take note: a decision not to implement highly effective age assurance measures means that your service may be deemed by Ofcom to be accessible by children.

The UK government has issued a new consultation, Copyright and Artificial Intelligence, under which it is proposing to address a tension that exists between:

The final days of 2024 were very eventful in the world of AI and data protection: the European Data Protection Board (EDPB) published its Article 64 General Data Protection Regulation (GDPR) opinion on training AI models using personal data (the EDPB Opinion).

The European Data Protection Board (EDPB) was asked by the Irish supervisory authority to issue an Opinion under Article 64(2) General Data Protection Regulation (GDPR) on AI models and processing personal data (the Opinion). The Opinion sets out the EDPB’s answers to the four questions the Irish supervisory authority put to it.