kaal:claim:2831040-027

The downsides of principles based regulation are a costly and time consuming transition from rules based regulation, uncertainty, and compliance problems that follow from that uncertainty.

The downsides of principles-based regulation include a costly and time consuming change from rules-based regulations to principles-based regulation, uncertainty, and compliance problems because of uncertainty

Wulf A. Kaal, Dynamic Regulation for Innovation (2016), IV.1 Remedying the Pacing Problem, p. 18
https://ssrn.com/abstract=2831040 · source PDF

Wulf A. Kaal, Dynamic Regulation for Innovation (2016). SSRN: https://ssrn.com/abstract=2831040

• a shift from rules based to principles based regulation

failuresupport: arguedfailure: cost and uncertainty of principles based transitionfamily: transition-and-migration-risklaw-and-legal-systemscompliance

• extended_by kaal:claim:2834531-040 The principle based approach has a shortcoming the authors concede: it is usually impossible to comply with pr...

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