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Artificial Intelligence
Technology

UK AI Regulation Bill Introduced in House of Lords as Private Members' Bill

Financial Conduct Authority
United Kingdom
Published Mar 4, 2025

Summary

Lord Holmes of Richmond introduced the Artificial Intelligence (Regulation) Bill in the House of Lords on 4 March 2025 as a Private Members' Bill. The bill proposes creating an AI Authority with cross-sector oversight powers, mandatory AI impact assessments, requirements for businesses to appoint an AI Officer, and transparency obligations including disclosure of training data and intellectual property. While the UK government has taken a 'pro-innovation' approach relying on sector-specific regulators, this bill represents the first formal legislative attempt at comprehensive AI regulation in the UK. The bill does not have government backing and its prospects for passage remain uncertain. The government's own planned AI legislation was deferred to at least the next King's Speech, expected May 2026.

Key Changes

  • Private Members' Bill introduced by Lord Holmes on 4 March 2025
  • Proposes creation of AI Authority with cross-sector oversight powers
  • Requires businesses developing, deploying, or using AI to appoint an AI Officer
  • Mandatory disclosure of third-party data and IP used in AI training
  • Health warnings, labelling, and informed consent requirements for AI products
  • Bill does not have UK government backing; passage uncertain

Affected Industries

AI Development
Technology
Financial Services
Healthcare
Legal Services

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