
Publication
Infringement risk relating to creation and use of the output of a generative AI system
Where the Output of a generative AI system is the same or substantially similar to a third party’s copyright work
United Kingdom | Publication | December 2024
The Financial Conduct Authority has launched a consultation on how it can take forward a new type of targeted support for consumers with their pensions. The consultation runs until February 13, 2025.
The consultation paper sets out the FCA’s high-level proposals for targeted support in pensions, as part of the Advice Guidance Boundary Review, following initial proposals outlined jointly with the Government in an earlier discussion paper. A detailed research paper has also been published.
Targeted support would exist between current guidance-based services and more bespoke advice. It aims to help consumers to make effective, timely and properly informed decisions about their pensions.
The FCA sets out how it envisages the support will work and the conduct standards it is proposing to ensure better outcomes for consumers. Its proposals include:
The FCA is not consulting on new rules at this point, simply seeking initial feedback on its proposed direction.
A further publication on December 12, 2024, is the FCA’s discussion paper Pensions: Adapting our requirements for a changing market inviting feedback on any further changes that might be needed to certain aspects of the pensions regulatory framework as part of the Advice Guidance Boundary Review consultation above. The paper discusses the regulatory framework that governs projections, requirements for DC transfers and consolidation, and the rules around self-invested personal pensions (SIPPs).
The FCA is asking for comments on the discussion paper by February 27, 2025.
Publication
Where the Output of a generative AI system is the same or substantially similar to a third party’s copyright work
Publication
The approach and requirements for intellectual property rights to subsist in computer-generated works vary from jurisdiction to jurisdiction.
Publication
Generative AI systems are trained using vast amounts of data, often taken from sources in the public domain that may be protected by copyright or other intellectual property rights, such as, in the UK and EU, a database right.
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