This Act implements Regulation (EU) 2024/1689. It applies to AI systems within the meaning of Article 3, point (1) of Regulation (EU) 2024/1689 and, in addition to the provisions contained in the Regulation, governs the competent authorities under the first sentence of Article 70(1) of Regulation (EU) 2024/1689, measures to promote innovation, and fines for infringements of the Regulation's provisions under the first sentence of Article 99(1) of Regulation (EU) 2024/1689.
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