Teaming up with... AVIVA

Welcome to the UKGI weekly regulation update service for Aviva ABC brokers

We hope you find the Updates useful. If you are
interested in subscribing to our affordable
ABC compliance support package, please
email us at ABC@ukgigroup.com or
call UKGI on our dedicated ABC
contact line 01925 767893.

ICO statement on the Government’s new advisory AI Growth Lab

Link(s):  ICO statement on the Government’s new advisory AI Growth Lab | ICO

Context

Further its response to the Government on safe AI-powered innovation on 29 May, the ICO has now published a statement on the Government’s new advisory AI Growth Lab.  The Government has announced it is launching the advisory AI Growth Lab which will bring together regulators to give AI innovators and adopters clear, practical information on how existing regulations apply to novel AI applications.

Key points to note and next actions

  • The first area of focus will be LawTech, legal services and conveyancing services.
  • will be collaborating with the Council for Licensed Conveyancers (CLC), Solicitors Regulation Authority (SRA) and Legal Services Board (LSB) to work with innovators on cross-regulatory challenges.
  • The ICO states that supporting responsible AI innovation is a priority and a duty for the ICO, and that it recognises the critical role that initiatives like the Advisory AI Growth Lab play in driving public trust in technology adoption.