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The EU Artificial Intelligence Act (Regulation EU 2024/1689), adopted on May 21, 2024, will reach its full applicability date on August 2, 2026, marking the final enforcement phase for GPAI model providers. This law is the world's first comprehensive legal framework on AI, introducing a graduated risk-based structure that classifies AI systems by potential harm rather than specific technologies. Key obligations coming into effect include requirements for high-risk AI systems, prohibited practices such as social scoring, and transparency obligations including AI-generated content watermarking. The European Commission released the first draft Code of Practice on marking and labeling AI-generated content on December 17, 2025, to support compliance with Article 50 transparency obligations. Organizations must prepare governance frameworks and compliance strategies ahead of the August 2026 deadline to avoid administrative fines and civil liability. LegalNodes reported the core details. DLA Piper noted additional context. OneTrust added corroborating details.