# Regulatory guidance

`kaal:entity:regulatory-guidance`

**Status.** derived

This node is assembled mechanically from the 5 claims that carry the concept tag `regulatory-guidance`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

5 claims across 4 works, 2012 to 2022.

**2012**

- [2097160-031](https://wulfkaal.github.io/claims/2097160-031) [normative/argued] -- Regulatory guidance on contingent capital design and issuance may be needed to curtail executive involvement in designing these instruments and to produce socially optimal designs.
  > Regulatory guidance on contingent capital designs and issuances may be needed to curtail the involvement of executives in the design of contingent convertible bonds and create socially optimal designs.200
  Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

**2017**

- [2998033-040](https://wulfkaal.github.io/claims/2998033-040) [normative/asserted] -- Regulatory guidance is essential to the continuing evolution and blockchain integration of the private investment fund industry, so the constraint on further adoption is regulatory rather than technological.
  > Regulatory guidance will be essential to ensuring the continuing evolution and blockchain integration for the private investment fund industry.
  Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033
- [3002908-002](https://wulfkaal.github.io/claims/3002908-002) [mechanism/asserted] -- Regulatory uncertainty around blockchain has three specific sources: insufficient or non existent regulatory guidance, the absence of court decisions, and uncertainty over which jurisdiction applies.
  > The regulatory uncertainty derives from insufficient or non- existent regulatory guidance, lacking court decisions, and uncertainty over applicable jurisdiction.
  Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908
- [3002908-011](https://wulfkaal.github.io/claims/3002908-011) [failure/argued] *(failure mode)* -- Despite early cautioning and a call for action from its own commissioners, the SEC has not addressed core issues pertaining to the recognition of blockchain technology applications in finance.
  > Despite this early cautioning and call for action, the SEC has not yet addressed core issues pertaining to the recognition of blockchain technology applications in finance.
  Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908

**2022**

- [4021599-028](https://wulfkaal.github.io/claims/4021599-028) [predictive/asserted] -- The term securities token is fairly well defined as of 2022, and additional regulatory guidance will continue to delineate its central features and distinguishing characteristics.
  > The term securities token is fairly well defined in 2022 and any additional regulatory guidance will continue to delineate its central features and distinguishing characteristics.
  Wulf A. Kaal, Securities Versus Utility Tokens (2022). SSRN: https://ssrn.com/abstract=4021599

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/regulatory-guidance.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.