European Union: ESMA statement on the use of Artificial Intelligence (AI) in the provision of retail investment services
Progress
Current status
adopted
30 May 2024 adopted
Scope
Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Authorisation, registration and licensing
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
supranational
Timeline of events
Adopted ESMA public statement on the use of Artificial Intelligence (AI) in the provision of retail investment services
On 30 May 2024, the European Securities and Markets Authority (ESMA) published its statement on the use of Artificial Intelligence (AI) in the provision of retail investment services. According to the ESMA, AI poses several possible risks, such as a…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body