Duty LXD-4270
Deploys a companion chatbot, in Latvia
Law on Digital Operational Resilience of the Financial Market and the Use of Artificial Intelligence, Articles 7, 8(5)-(7), 10(3)-(4) and 11(2)since 6 lines
Finanšu tirgus digitālās darbības noturības un mākslīgā intelekta izmantošanas likums, 7. pants, 8. panta piektā līdz septītā daļa, 10. panta trešā un ceturtā daļa, 11. panta otrā daļa · Read the law's page
- If you are a financial market participant named in Articles 4 and 5, or the savings and loan association named in Article 6(1), point 5, meet the requirements of Regulation (EU) 2024/1689 on the use of AI, which the Bank of Latvia supervises (Articles 7 and 8(5)).when it serves a financial business
- Do not use an AI practice that Article 5 of the Regulation prohibits (Article 11(2), point 1).when it serves a financial business
- Meet the obligations that Articles 16, 22, 23, 24 and 26 of the Regulation place on providers, authorised representatives, importers, distributors and deployers of high-risk AI systems (Article 11(2), points 2 to 6).when it serves a financial business
- Meet the transparency duties of providers and deployers in Article 50 of the Regulation (Article 11(2), point 10).when it serves a financial business
- Give the Bank of Latvia and notified bodies correct, complete and truthful information when they ask for it (Article 11(2), point 11).when it serves a financial business
- Stop the activity immediately when the Bank of Latvia requires it after finding a breach (Article 10(4), point 1).for a financial business
EU AI Act — Articles 5 and 50 (Prohibited AI Practices; Chatbot and Synthetic-Content Disclosure)since 5 lines
Regulation (EU) 2024/1689, Arts. 5, 50 — directly applicable in Latvia as EU Member State; VARAM designated as lead competent authority per Cabinet of Ministers information report of
- Do not use AI systems for social scoring of people.
- Do not deploy real-time remote biometric identification in publicly accessible spaces without authorisation.
- Do not deploy AI systems that exploit people's vulnerabilities.
- If operating a chatbot or voice interaction system, tell users at the outset that they are interacting with AI.
- If providing a generative AI system, mark its outputs in a machine-readable format.