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Description

Opened consultation on DCRF report on benefits and harms of algorithms for regulators

On 22 September 2022, the Digital Regulation Co-operation Forum (DRCF) published a document called "The benefits and harms of algorithms: a shared perspective from the four digital regulators" for consultation until 8 June 2023. The DCRF comprises the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), the Information Commissioners' Office (ICO) and the Office of Communications (OFCOM). The document intends for regulators to understand and articulate the nature and risks of using algorithmic systems, particularly Machine Learning (ML). The paper suggests several areas of shared interest and opportunities for a greater level of cooperation among the DRCF members regarding the use of algorithmic systems: transparency, fairness, access to information, infrastructure resilience, individual autonomy and healthy competition. The stakeholders were invited to submit their comments and share evidence on the harms and benefits of algorithmic processing.

Original source

Scope

Policy Area
Other operating condition
Policy Instrument
Algorithm design and technical standards
Regulated Economic Activity
ML and AI development
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2022-09-22
in consultation

On 22 September 2022, the Digital Regulation Co-operation Forum (DRCF) published a document called …

2023-06-08
processing consultation

On 8 June 2023, the consultation on the report "the benefits and harms of algorithms: a shared pers…