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  20/12/2024

  Europe

  EDPB Opinion 28/2024: key takeaways on processing personal data in the context of AI models

  On 17 December 2024, the European Data Protection Board (EDPB) issued Opinion 28/2024 on certain data protection aspects related to the processing of personal data in the context of AI models, which offered timely guidance on AI issues, addressing questions on the anonymity of AI models, how controllers can demonstrate legitimate interest as a legal basis and how unlawful processing of personal data in the development phase affects the lawfulness operation of the AI model. Introducing new concepts The EDPB provides its own interpretation of certain stages in the AI models’ life cycle, such...

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  18/12/2024

  Suiza

  Swiss regulator publishes its practice on the rules of conduct applicable when providing financial services

  On 22 November 2024, the Swiss Financial Market Supervisory Authority (FINMA) released its circular on the rules of conduct under the Financial Services Act (FinSA) and the Financial Services Ordinance (FinSO). This circular describes the requirements for the implementation of the rules of conduct. The circular also covers to a certain extent organisational measures of financial service providers as well as general definitions and regulations concerning the classification of clients.ScopeThe circular applies to financial service providers as defined in the FinSA subject to supervision by FINMA...

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  13/12/2024

  Europe

  The new EU General Product Safety Regulation: What you need to know

  The EU General Product Safety Regulation (GPSR) came into effect on 13 December 2024. It replaces the existing General Product Safety Directive (GPSD), and establishes a modernised framework for consumer product safety across the EU. The GSPR introduces significant new responsibilities, making understanding its implications essential.What is changing? Key updates under GPSRUniform Application: Unlike the GPSD, which required transposition at the Member State level, and allowed for varied national implementation, the GPSR is directly applicable across all EU/EEA member states, ensuring uniformity...

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  11/12/2024

  Europe

  New EU Refuelling Guidelines

  GB FR

  IntroductionOn 9 October 2024, the European Commission published its guidelines on the interpretation of the refuelling obligations for aircraft operators (“Refuelling Guidelines”).EU Regulation 2023/2405 (“RFEUA”) specifies the rules on ensuring a level playing field for sustainable air transport. Article 5 RFEUA imposes obligations on aircraft operators with regard to refuelling. The Refuelling Guidelines provide additional information about the interpretation of Article 5 RFEUA.Article 5 RFEUA requires aircraft operators to refuel at least 90% of the yearly aviation fuel...

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  11/12/2024

  Suiza

  Swiss Federal Council adapts Climate Reporting Ordinance to target new entities in non-financial matters reporting

  On 6 December 2024, the Swiss Federal Council opened consultations on a revision of scope of the Ordinance on climate reporting on climate issues. This Climate Reporting Ordinance, which has been in force since 1 January 2024, will be amended to reflect the last international and European developments. The consultation procedure will last until 21 March 2025 and the revision is expected to enter into force on 1 January 2026.Recognition of new international and European standardsThe Climate Reporting Ordinance stipulates that in-scope companies must draw up a report on climate issues when and if...

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  10/12/2024

  Europe

  Compulsory or optional? AI literacy a central component of compliance with AI Act

  The AI Act, which came into force on 1 August 2024, marks a milestone for the responsible use of artificial intelligence (AI) in the EU. While the majority of the provisions will only apply from 2 August 2026, the provisions on AI literacy pursuant to Art. 4 AI Act will apply from 2 February 2025. In addition, this provision is one of the very few provisions of the AI Act that applies to all AI systems within the scope of the AI Act.In view of this, companies are now faced with the challenge of ensuring a sufficient level of AI literacy within a short space of...

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