European Union: Adopted ESMA public statement on the use of Artificial Intelligence (AI) in the provision of retail investment services
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
other regulatory body