EU AI Act Regulation
European Union
2024
Consumer Protection
Overview
The EU Artificial Intelligence Act (AI Act) is the European Union’s first comprehensive legal framework for regulating artificial intelligence. Adopted in 2024 and set to be enforced by 2026, the regulation aims to ensure that AI systems placed on the EU market are safe, ethical, and respect fundamental rights.The AI Act classifies AI systems into risk categories prohibited, high-risk, limited-risk, and minimal-risk and applies proportionate obligations accordingly. It primarily impacts technology providers, financial institutions, biometric solution providers, public authorities, and businesses deploying AI systems in high-risk domains such as credit scoring, hiring, law enforcement, and critical infrastructure.
Key Obligations
- Perform conformity assessments for high-risk AI systems before deployment
- Register high-risk AI systems in the EU database
- Ensure human oversight, transparency, and explainability in AI operations
- Maintain technical documentation and logging for auditability
- Prohibit use of certain AI systems that pose unacceptable risk (e.g., social scoring)
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