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Scientific paper - Original scientific paper
REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?
InterEULawEast : journal for the international and european law, economics and market integrations, 9 (2022), 2; 71-117. https://doi.org/10.22598/iele.2022.9.2.3
Pošćić, Ana; Martinović, Adrijana

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Pošćić, A. & Martinović, A. (2022). REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?. InterEULawEast : journal for the international and european law, economics and market integrations, 9. (2), 71-117. doi: 10.22598/iele.2022.9.2.3

Pošćić, Ana and Adrijana Martinović. "REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?." InterEULawEast : journal for the international and european law, economics and market integrations, vol. 9, no. 2, 2022, pp. 71-117. https://doi.org/10.22598/iele.2022.9.2.3

Pošćić, Ana and Adrijana Martinović. "REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?." InterEULawEast : journal for the international and european law, economics and market integrations 9, no. 2 (2022): 71-117. https://doi.org/10.22598/iele.2022.9.2.3

Pošćić, A. and Martinović, A. (2022) 'REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?', InterEULawEast : journal for the international and european law, economics and market integrations, 9(2), pp. 71-117. doi: 10.22598/iele.2022.9.2.3

Pošćić A, Martinović A. REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?. InterEULawEast : journal for the international and european law, economics and market integrations [Internet]. 2022 [cited 2024 May 06];9(2):71-117. doi: 10.22598/iele.2022.9.2.3

A. Pošćić and A. Martinović, "REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?", InterEULawEast : journal for the international and european law, economics and market integrations, vol. 9, no. 2, pp. 71-117, 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:118:300044. [Accessed: 06 May 2024]

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Title (english)REGULATORY SANDBOXES UNDER THE DRAFT EU ARTIFICIAL INTELLIGENCE ACT: AN OPPORTUNITY FOR SMES?
AuthorAna Pošćić
AuthorAdrijana Martinović
Author's institutionUniversity of Rijeka
FACULTY OF LAW
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Law
Abstract (english)
More than a year after the European Commission submitted the Proposal for the Artificial Intelligence Act (AI Act), the EU institutions are still working on adopting this groundbreaking regulation. The Draft AI Act contains a uniform set of horizontal rules for the development, marketing, and use of AI systems in conformity with the Union values, applying the proportionate risk-based approach. The aim is to avoid regulatory friction and fragmentation and to create a well-functioning internal market for AI systems and technologies. However, the policy and regulatory choices should not obstruct the innovative potential and transformative impact of AI systems and technologies on the society and economy. The Draft AI Act, therefore, introduces AI regulatory sandboxes, as a testing ground for deciding what to regulate and how. This is a novel regulatory approach, fostering innovation, development, and testing of AI systems under strict regulatory oversight before these systems are placed on the market. The proposed solution from the Draft AI Act has caused both excitement and criticism in the legal doctrine and industry. This paper will explore the benefits and challenges of AI regulatory sandboxes. The draft provisions will be critically evaluated, drawing from the experience in the FinTech industry, especially considering the effect on SMEs. The EU’s ambition is to set up a robust and disruption-resilient, yet flexible, innovation-friendly, and future-proof regulatory framework for AI, and the intuitive appeal of AI regulatory sandboxes for both regulators and innovators deserves an in-depth examination.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titleInterEULawEast : journal for the international and european law, economics and market integrations
Numberingvol. 9, no. 2, pp. 71-117
p-ISSN1849-3734
e-ISSN1849-4439
DOIhttps://doi.org/10.22598/iele.2022.9.2.3
URN:NBNurn:nbn:hr:118:300044
Publication2022
Document URLhttps://hrcak.srce.hr/293335
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-02-12 08:28:29