Main new features of the EU’s Regulation on artificial intelligence

After lengthy negotiations between the EU’s institutions, on Wednesday 13 March 2024 the European Parliament adopted the AI Regulation, the final text of which was published in the Official Journal of the European Union on 12 July 2024.

As the most ambitious piece of legislation on this area in the world, this intention is that this regulation will become a global regulatory standard.

Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence (“AI Regulation”). The aim of the AI Regulation is to make the EU a global reference and standard-setting region for artificial intelligence (“AI”) by ensuring that AI is human-centred, sustainable, safe, secure, inclusive and trustworthy, and guarantees respect for fundamental rights, democracy, the rule of law and environmental sustainability. At the same time, the AI Regulation aims to drive innovation and establish the EU as a leader in AI space, acting as a catalyst for industry.

The key points of the AI Regulation are summarised below:

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