The EU AI Act: the legal regulation of AI

Are you ready to navigate the rapidly changing landscape of Artificial Intelligence regulations? Join us for an essential seminar focused on the groundbreaking European Union Artificial Intelligence Act (EU AI Act) 2024/1689!

• Stay Ahead of the Curve: With the EU AI Act coming into force on August 1, 2024, and its first requirements starting on February 2, 2025, understanding this regulation is crucial for maintaining your competitive edge.
• Essential Insights: Gain a deep understanding of the Act’s key provisions and their implications across various sectors. Learn how to comply and thrive in an AI-driven market.
• Risk-Based Classification: Discover how the Act’s risk-based approach can shape your operational strategy, ensuring you meet compliance requirements and safeguard your business.
• Broaden Your Knowledge: Explore the latest developments in the Cypriot legislation and how they align with EU regulations, giving you a comprehensive view of the regulatory landscape.

Seize this opportunity to capitalize on the market potential of AI while ensuring compliance and safeguarding health, safety, and fundamental rights. Join us and transform the way you approach AI in your business!

By the end of the training, participants will be able to:

• Gain in-depth knowledge of the European Union (EU) Artificial Intelligence (AI) regulatory framework and other current applicable legislation as well as other developments at a European and national level.
• Define the relevant roles and legal obligations of the providers, deployers and users of Artificial Intelligence (AI) systems.
• Identify governance structures and enforcement mechanisms that ensure compliance and accountability in Artificial Intelligence (AI) deployment at the European Union (EU) and national level.
• Choose which controls/mechanisms could be implemented by an entity/participant in order to prevent their involvement in prohibited Artificial Intelligence (AI) practices.
• Demonstrate conformity by an assessment based on internal control.
• Justify the classification of high-risk Artificial Intelligence (AI) systems and general purpose Artificial Intelligence (AI) models.
• Assess the existence of the necessary skills, knowledge and Artificial Intelligence (AI) literacy within their staff and others involved in the operation and use of Artificial Intelligence (AI) systems on their behalf as well as awareness of the opportunities and risks of Artificial Intelligence (AI) and possible harm it can cause.
• Encourage the correct implementation of the Artificial Intelligence (AI) Act within their organisations.

The training is addressed to Risk professionals interested in learning about the AI regulatory framework, Governance and Compliance professionals, Legal and IT professionals interested in the EU AI Act, professionals from the financial services sector who are obliged to comply with the EU AI Act, Cybersecurity professionals who want to understand AI regulations and frameworks, deployers of AI systems, Data Protection Officers and other related professionals who are interested in AI practices.

All participants should be currently employed.

*The number of participants is restricted to 28.

1. Introduction (30 min)

• Main objective of the seminar
• Expected key learning outcomes
• The Artificial Intelligence Act (the AI Act) regulatory framework
• Summary of current developments
• Upcoming legislation in Cyprus in relation to Artificial Intelligence

2. Regulatory Framework for the Artificial Intelligence Act (the AI Act) (Regulation (EU) 2024/1689) (1hr)

• Scope of application
• Key definitions
• Extraterritorial scope
• Timeline of application of the AI Act requirements
• AI regulatory sandboxes

3. What technology falls within the scope of the Artificial Intelligence (AI) Act (30 min)

• Artificial Intelligent Systems- key characteristics
• General Purpose Artificial Intelligence models (GPAI models)

4. Prohibited Artificial Intelligence (AI) practices (30 min)

• Manipulative or deceptive techniques
• Exploitation of vulnerabilities due to age, disability or specific economic situation
• Evaluation or classification of natural persons or groups of person over a certain period of time based on their social behaviour or known inferred or predicted personal or personality characteristics
  

5. Artificial Intelligence (AI) literacy requirements of providers and deployers (30 min)

• Competence
• Skills
• Knowledge
• Understanding
• Awareness

6. General-purpose AI (GPAI) (30 min)

• Classification
• Role and legal obligations of providers of general-purpose AI models

7. High-risk AI systems (1 hr)

• Classification
• Key issues
• Role and legal obligations of Artificial Intelligence (AI) operators and other providers of high-risk Artificial Intelligence (AI) systems
• Who must conduct a fundamental rights impact assessment 

8. Compliance Requirements (30 min)

• Applicable for different classes of Artificial Intelligence (AI) systems, including documentation, data governance, and transparency obligations

9. Enforcement (30 min)

• Enforcement bodies and authorities
• Fines and penalties 

10. Conclusions (30 min)

• Expected secondary legislation and guidance
• Key conclusions

Our services include:

• Handouts, including the hard copy presentation, examples, case studies, exercises, and additional notes if applicable.
• Stationery, such as pads, pens, and files.
• Drinks (coffee, tea, etc.), snacks and a buffet lunch.
• A fully equipped training room.
• Certificate of completion.

If you wish to register for the seminar, please complete the registration form.

Once your registration is submitted, you will receive an email stating how to proceed with your HRDA registration through the Ermis platform. Upon completion of this step, you will receive a confirmation email which will include the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the seminar’s date for your registration to be confirmed.

The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy. Please note that there are limited seats available, therefore enroll in this seminar as soon as possible.

If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.

Cost

€145 net investment after the HRDA subsidy (€120) for all eligible participants.

€265 + VAT (19%) for all participants who are non-eligible for the HRDA subsidy.

Last Date for 10% Early Bird Discount: 17/04/2025

Note

We do not provide a soft copy of the presentation for face-to-face seminars. However, if you would like to request one, please contact us. We may be able to provide it, subject to approval. In this case, the cost of the soft copy will be €50 for participants who have already attended the relevant training, or €100 for those who have not.

HRDA Note

All individuals who wish to attend our HRDA approved training courses should not only fill out our registration form, but also complete the registration process through the ERMIS platform. Regardless of whether they are claiming the HRDA subsidy or not, each participant will need to complete their registration through ERMIS as a physical person and then register to our training in order to be able to attend (either as an employee whose company is claiming the subsidy or as an individual who is not claiming the subsidy). Please reach out to the HRDA Ermis officers on 22 390 300 for more details regarding the registration as a physical person.

Discounts available

• For more than two (3+) participants from the same company a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enroll in the same seminar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
• For individuals/legal entities who/which register in more than two (3+) seminars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enroll in more than two (3+) seminars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
• There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable. For more information on our alumni scheme, click here.
• There is a 10% early bird discount on selected seminars for participants who enroll in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
• HRDA subsidy for all HRDA approved seminars.
• Please note that while participants may qualify for multiple discounts, a maximum of two discounts, up to a total of 20%, can be applied per registration.

Contact

For any queries, please contact Vasiliki Sioziou on +357 22 207 460 or at academy@kpmg.com.cy

CPD

This seminar may contribute to Continuing Professional Development requirements. At the end of the seminar participants will be given a certificate of attendance confirming the total number of training hours (6 CPD).

Christiana Loizou
Senior Legal Associate, KPMG Law in Cyprus, Theodorides, Georgiou, Iacovou & Co LLC

Christiana Loizou joined KPMG in 2005. She is now a Senior Legal Associate at KPMG Law (Theodorides, Georgiou, Iacovou & Co LLC) based in Nicosia. She earned her Law degree from Lancaster University (UK) in 1992 and was admitted to the Cyprus Bar in 1995.

Christiana has over two decades of experience in the fields of financial services legislation and regulation, corporate and commercial law. She has advised numerous corporate clients providing detailed analysis of corporate governance and compliance matters. She specialises in all aspects of corporate restructuring, due diligence and contract drafting related to acquisitions, joint ventures and mergers.

Christiana has also worked on authorisation requirements and ongoing obligations for a wide range of financial institutions, including insurance companies, insurance intermediaries, and banks. Additionally, she has provided advice on organisational and conduct-of-business requirements applicable to regulated financial activities in Cyprus.