The rise in prominence of AI technology has led jurisdictions around the globe to accelerate their development of regulatory frameworks. Against this backdrop, the UK’s International Regulatory Strategy Group (IRSG) has published a policy paper with recommendations for creating a “globally coherent approach” to AI to help avoid “additional, unnecessary burdens for businesses, while protecting consumers and maintaining their trust”.
The paper presents three main recommendations to the UK government: To lead and drive the creation of global principles and standards, to strengthen international coordination, and to promote the interoperability of regulatory regimes.
The first recommendation aims to “create a common global baseline for AI regulations that can be universally accepted” through establishing shared definitions and terminology. The second focuses on limiting “conflicting and overlapping regulations across different jurisdictions that will create disproportionate compliance burdens for businesses”. The third recommendation sets out to ensure that “the UK’s domestic AI regulation aligns with international standards, promoting interoperability, consistency and trust”.
The paper concludes that international coordination, global standards and interoperability are crucial to creating a “safe, responsible and innovation-friendly global regulatory AI framework”.