EU AI Act simplification gives smaller firms more time, not a different rulebook

Last updated May 29, 2026

A provisional AI Omnibus agreement would simplify parts of the EU AI Act, extend high-risk deadlines and add tailored accommodations for SMEs and small mid-caps while keeping the core risk-based framework intact

• Changes to the EU AI Act matter globally because many companies build to Brussels’ regulatory baseline.
• Capacity and infrastructure bottleneck.
• Mishcon describes the package as a targeted recalibration rather than a reversal of the EU’s AI regulatory approach.
• The EU AI Act entered into force in August 2024 and is described in the supplied evidence as the world’s most comprehensive cross-sector AI legislation.
• The risk-based framework and its core obligations remain intact, but firms that pushed for simplification now have more time and a somewhat narrower compliance perimeter.

Still unclear: What local readers are seeing from the ground

Based only on supplied evidence from Mishcon, Inside Global Tech excerpt, Archer and IAPP. The AI Omnibus is described as provisional and not yet law; final legal effect depends on formal adoption and publication.