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October 28th, 2024

Information security incident management: A new regulatory framework for financial institutions and credit assessment agents

On October 23, 2024, the Regulation respecting the management and reporting of information security incidents by certain financial institutions and by credit assessment agents was published in the Gazette officielle du Québec. The Regulation will come into force in six months and is intended to provide a framework for the management and reporting of information security incidents by certain provincial financial institutions. In the event of non-compliance, the Regulation also provides for administrative penalties.
Publications
October 25th, 2024

AI back in the regulatory spotlight: California passes new legislation

Over the course of September, more than 30 bills were introduced in California aimed at regulating the development and use of artificial intelligence, in particular by imposing specific requirements on generative AI systems. The state has enacted several AI-related bills, including SB 942 California AI Transparency Act and AB 2013 Generative Artificial Intelligence: Training Data Transparency.