The European Fund and Asset Management Association (EFAMA) welcomes the Digital Fitness Check and the European Commission’s initiative to review the EU Digital Rulebook and assess how it can be improved to better support innovation and help position Europe as a global leader in critical technologies.
Policy Position
Artificial Intelligence (AI)
11 March 2026
Digital Omnibus
EFAMA welcomes the Digital Omnibus legislative proposals, and in particular the targeted amendments introduced to the GDPR and the AI Act. The proposed amendments aim to reduce unnecessary administrative burdens and provide legal clarity within the existing regulatory framework while preserving its core objectives.
Press Release
Artificial Intelligence (AI)
11 December 2025
EFAMA launches a new and improved AI assessment tool
Industry trade association supporting asset managers with AI Act compliance
Viewpoint
Artificial Intelligence (AI)
24 June 2025
Ready, Set, Go: The Global Artificial Intelligence Innovation Race
This article was first published in the 23rd edition of the Fact Book on 24 June 2025.
Policy Position
Artificial Intelligence (AI)
11 April 2025
EFAMA Feedback on IOSCO’s Report: Artificial Intelligence in Capital Markets
Announcement
Artificial Intelligence (AI)
11 March 2025
EFAMA Organises Q&A Session to Help Members Navigate its AI System Assessment Tool
Interactive session to showcase EFAMA’s new tool and support members in complying with the EU AI Act
EFAMA is pleased to invite its members to a dedicated Q&A session introducing the AI System Assessment Tool, taking place on Tuesday 18 March, from 16:00 to 16:45 CET.
Press Release
Artificial Intelligence (AI)
05 February 2025
Industry body helps asset managers integrate AI into their business models
EFAMA’s new tool facilitates compliance with the AI Act
The European Fund and Asset Management Association (EFAMA) has launched its AI-system Assessment Tool, which is designed to support firms of all sizes navigate the regulatory complexities of AI. Developed together with EFAMA member experts from across the industry, the Tool will help firms document and assess AI use cases in line with the EU AI Act and other interdependent regulations, including GDPR, MiFIR and DORA, using a free-of-charge standardised tool.
In 2024, the EU adopted the AI Act, aiming to foster trustworthy AI in Europe and introducing the first-ever comprehensive legal framework in the region. The EU AI Act establishes a risk-based approach by which AI systems can be classified according to different levels of risk (unacceptable, high risk, limited and minimal risk).
Announcement
Artificial Intelligence (AI)
05 February 2025
EFAMA's AI-system Assessment Tool
EFAMA has launched its AI-system Assessment Tool, which is designed to support firms of all sizes navigate the regulatory complexities of AI. Developed together with EFAMA member experts from across the industry, the Tool will help firms document and assess AI use cases in line with the EU AI Act and other interdependent regulations, including GDPR, MiFIR and DORA, using a free-of-charge standardised tool.
The general application of the AI Act is set to enter into force next year—including new obligations for high-risk AI system providers.
