New regulations addressed to an innovative product can be obsolete before they are even finalized.
Source quote, verbatim
New regulations pertaining to an innovative product could be obsolete before they are finalized.
From
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017), III. THE FACTUAL BASIS OF MODERN REGULATION, p. 12 https://ssrn.com/abstract=2834531 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531
Holds when
rules aimed at products subject to rapid innovation cycles
Classification
failuresupport: assertedfailure: obsolescence at promulgationfamily: regulatory-lagdynamic-regulationinnovation
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