Proposed scope of AI: model, system, use case
Is this legally binding?
Consultation. Proposed, not final. Read it, plan for it, and do not treat it as settled.
Proposed and not final. Nothing here can be enforced against you yet.
Proposed definitions: a model converts assumptions and input data into outputs such as estimates, decisions or recommendations; a system comprises one or more models plus other machine-based components; a use case is the specific real-world context of application. AI includes Generative AI and AI agents; purely rule-based tools are excluded.
From the source
“Calculators or tools whose outputs are solely based on predefined programming logic or rules would not be regarded as AI for the purpose of these Guidelines.”
Consultation Paper para 3.3; proposed Guidelines para 1.2
What this connects to
1 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.
Cites1
- InstrumentConsultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions (P017-2025)Consultation
Concept defined in the consultation paper
Verified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.