In EffectEuropean Union· Effective: August 2, 2026 (main obligations)
Regulation (EU) 2024/1689
EU AI Act
By Asım Ünlü · Founder
Published Reviewed
The EU AI Act applies to any company placing AI systems on the EU market, even from outside the EU. High-risk AI systems require conformity assessments, technical documentation, and human oversight; certain uses are banned outright.
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Maximum penalty: Up to €35M or 7% of global annual turnover
Non-compliance can carry significant liability — verify against the official text below.
Bill / statute
Regulation (EU) 2024/1689
Jurisdiction
European Union
Status
In Effect
Effective / deadline
August 2, 2026 (main obligations)
Maximum penalty
Up to €35M or 7% of global annual turnover
Who it affects
Any provider or deployer of AI systems placed on the market or used within the EU, regardless of where the company is based.
Official source & full context
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Local Law 144 — NYC Local Law 144 (automated employment decision tools)
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Editorial standards
Anchored to the primary government source (statute, bill text, or agency rule) and verified directly against it · Last verified Apr 21, 2026. See our methodology.
Primary sources · Regulation (EU) 2024/1689 — EU AI Act
- ↗digital-strategy.ec.europa.euhttps://digital-strategy.ec.europa.eu/en/policies/regulatory-framework-ai