( October 5, 2026, 18:09 GMT | Official Statement) -- MLex Summary: Canada’s Competition Bureau released its response to Innovation, Science and Economic Development Canada’s consultation on advancing AI transparency, recommending that transparency support well-functioning competitive markets, obligations should be proportionate and preserve competition, and regulation should focus on harms, not technologies. “Prescriptive, costly, or technically complex requirements may disproportionately burden smaller firms and new entrants while favoring incumbents with greater compliance resources. In this way, poorly designed obligations could increase barriers to entry and reinforce existing market positions,” it said.Statement follows in full. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.