UK financial services firms govern AI under the FCA's Consumer Duty, PRA prudential expectations, and ICO data protection guidance, a regulator-led model rather than a dedicated AI law.
The UK follows a pro-innovation, regulator-led approach, applying existing law and sector guidance rather than a single AI statute.
Key regulators include ICO (Information Commissioner's Office); FCA (Financial Conduct Authority); PRA (Prudential Regulation Authority); CMA (Competition and Markets Authority).
The UK follows a pro-innovation, regulator-led approach, applying existing law and sector guidance rather than a single AI statute.
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