Public Disclosure

Public disclosure refers to the formal release of AI governance information, audit results, risk assessments, or compliance status to external stakeholders, regulators, and the public. Organizations must manage public disclosure carefully to balance transparency requirements with competitive sensitivity and operational security concerns. Effective disclosure practices build stakeholder trust, demonstrate regulatory compliance, and help establish accountability standards across the AI governance ecosystem.

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ResearchUK2026-07-17

UK FCA Mills Review Mandates Independent Annual AI Safety Audits with Attorney General Enforcement and Public Disclosure

The UK Financial Conduct Authority published the Mills Review on July 6, 2026, requiring companies to submit existing AI safety plans to independent annual auditors and disclose the results publicly. The review sets no new substantive safety standards but enforces transparency and validation of plans already in place. Non-compliance exposes firms to Attorney General action, making this a legal enforcement mechanism rather than a soft guidance instrument.

FCA UK regulation independent audit safety plans public disclosure financial services audit requirements enforcement