
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 | June 2023
On June 19, 2023, the FCA published a new webpage on its Defined Benefit Advice Assessment Tool (DBAAT), incorporating rule changes that have come into force since October 1, 2020, and its non-Handbook guidance on advising on pension transfers.
The latest version includes a section on assessing abridged advice and contingent charging, and the FCA has updated the sections on information collection, suitability and disclosures to reflect the changes made in its policy statement on pension transfer advice (PS20/6).
The updated facility includes DBAAT explainer videos and FAQs.
The FCA launched the DBAAT in January 2021 to help firms and pension transfer specialists understand how it assesses the suitability of DB pension transfer and related investment advice and disclosures. It recommends that they use the tool to assess their own past advice on DB transfers, although this is not a requirement.
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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