European Union: Adopted LIBRE and IMCO's position on AI Act including monitoring requirements for "high-risk AI systems"

On 11 May 2023, the European Parliament Committee on Civil Liberties, Justice and Home Affairs (LIBE) and Internal Market and Consumer Protection Committee (IMCO) adopted their position on the Act on Harmonised Rules for Artificial Intelligence (AI Act), which includes post-deployment performance monitoring requirements for "high-risk" AI systems. The Regulation would require providers of high-risk AI systems to establish and document a post-marketing monitoring system, through which it actively collects data on the performance of high-risk AI systems in order to evaluate their compliance with the Regulation's requirements. Further, the Regulation would require providers of high-risk AI systems to report serious incidents to the market authorities of their respective member states. In general, providers are required to report a serious incident as soon as they establish a causal link between a high-risk system and a serious incident and, in any case, within 15 days of becoming aware of such an incident. The subsequent legislative procedure is for the European Parliament to endorse the draft in plenary during the session in June 2023.