kaal:claim:2957645-003

Formal rulemaking in the existing regulatory infrastructure is too time consuming, and the speed of product innovation frequently renders regulations pertaining to an innovative product obsolete before those regulations are even finalized.

Formal rulemaking in the existing regulatory infrastructure is overly time-consuming7 and the speed of product innovation often makes regulations pertaining to an innovative product obsolete before such regulations are finalized.8

Kaal, Dynamic Regulation via Contingent Capital (2017), I. Introduction, p. 6
https://ssrn.com/abstract=2957645 · source PDF

Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

• environments of exponential or rapid product innovation
• formal notice and comment style rulemaking

failuresupport: arguedfailure: Rules obsolete before finalizationfamily: rule-obsolescence-and-ossificationdynamic-regulationinnovation

• restates kaal:claim:2831040-009 Formal rulemaking in the existing regulatory infrastructure is almost always too time consuming, because produ...
• extends kaal:claim:2740477-021 New regulations aimed at an innovative product can be obsolete before they are finalized.
• restates kaal:claim:2808132-023 Because formal rulemaking takes months and often years, regulators are still processing the previous product l...
• restates kaal:claim:2808132-022 Formal rulemaking is simply too time-consuming for an environment of disruptive innovation; the speed of produ...
• restates kaal:claim:2834531-007 New regulations addressed to an innovative product can be obsolete before they are even finalized.
• restates kaal:claim:2740477-020 Formal rulemaking is simply too time consuming for disruptive innovation: the speed of product innovation lets...
• generalizes kaal:claim:3441904-030 The speed of smart contracting and associated DAO revisions will render regulations aimed at morphing decentra...

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