Financial Regulator Introduces Pilot Scheme to Provide AI Regulation Advice to Businesses

Tuesday, 23 April 2024, 07:11

The financial regulator has launched a pilot scheme aimed at offering AI regulation advice to businesses. In addition, the regulator has expressed its commitment to scrutinize tech firms and their data sharing practices. This initiative demonstrates the regulator's proactive approach towards ensuring compliance and fostering responsible AI innovation in the industry.

AI Regulation Advice Pilot Scheme for Businesses

The financial regulator has introduced a pilot scheme to provide businesses with crucial guidance on AI regulation.

Commitment to Scrutinize Tech Firms

The regulator has pledged to closely monitor tech firms and assess their data sharing practices.

This initiative emphasizes the importance of regulatory compliance and responsible innovation in AI within the financial sector. Businesses are encouraged to participate in the scheme to enhance their understanding of AI regulation.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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