entity · derived
Principles based regulation
Derived node: assembled mechanically from the claims carrying principles-based-regulation. A roster, not an adjudicated definition.
Every claim under this term
- 2831040-015 : The three core law and technology proposals for the pacing problem, regulation via the judiciary, early stage regulation of innovation, and principles based regulation, all have practical limitations
- 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.
- 2831040-028 : Because dynamic regulation operates as a supplement inside the existing rulemaking framework, it does not require the costly implementation that a shift to principles based regulation would require.
- 2831040-029 : Dynamic regulatory mechanisms avoid legal uncertainty better than principles based regulation because in the dynamic framework rulemaking follows feedback processes that are transparent to both the af
- 2834531-039 : A principle based approach gives regulators greater openness and flexibility and prevents innovative technologies and the companies developing them from becoming bogged down in the regulatory thicket
- 2834531-040 : The principle based approach has a shortcoming the authors concede: it is usually impossible to comply with principles that could change after the fact, and the approach may let regulators promulgate
- 3117224-027 : Gibraltar treats DLT regulation as better achieved through the application of principles rather than rigid rules, because the area of law is evolving and innovative.