Governance
Bottom-up Regulation
Industry-led development of regulatory frameworks before binding rules.
Definition
An approach where regulatory frameworks emerge from industry self-regulation and voluntary standards prior to government-imposed binding requirements, allowing businesses to shape governance mechanisms organically and enabling gradual adoption of obligations based on sectoral practice and stakeholder input.
Related Terms
Pro-innovation regulatory approach
Outcome-focused, proportionate regulatory framework for AI....
Developmental regulation
Regulation promoting development objectives while protecting consumers and competition....
agile regulation
Regulatory approaches enabling safe experimentation and innovation....
Extra-Legislative Tools
Preparatory non-binding measures for businesses....
pilot testing/sandbox
Regulated exceptions enabling controlled testing of novel services....