
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 | May 2023
The FCA is concerned about overseas firms targeting the UK pension benefits of DB scheme members living overseas. It reminds UK firms engaging with overseas firms, or offering advice to scheme members based outside the UK in relation to a possible transfer of their DB benefits, to have regard to their regulatory responsibilities.
On April 27, 2023, the FCA published some online guidance for UK firms engaging with overseas firms or offering transfer advice to scheme members based outside the UK.
The FCA explains how the overseas advice model works and outlines circumstances where different scenarios involving overseas advice models are likely to result in poor consumer outcomes. It also provides examples on how those in the UK advising on potential benefit transfers can prevent and detect possible harm, and how they can support good consumer outcomes.
Where the FCA becomes aware that a firm is engaging in practices that are likely to result in significant consumer harm, it will take appropriate action, which may include opening an enforcement investigation.
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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