Developmental regulation
Regulation promoting development objectives while protecting consumers and competition.
Definition
A regulatory approach designed to promote economic and social development objectives by using adaptive, risk-based rules that encourage competition and investment while ensuring consumer protection and market fairness. It emphasizes proportionate enforcement, enabling innovation, and aligning regulation with broader development targets.
Related Terms
Pro-innovation regulatory approach
Outcome-focused, proportionate regulatory framework for AI....
agile regulation
Regulatory approaches enabling safe experimentation and innovation....
Bottom-up Regulation
Industry-led development of regulatory frameworks before binding rules....
Experimental Legal Regime (ELR)
Time‑limited legal regime for testing digital innovations....
pilot testing/sandbox
Regulated exceptions enabling controlled testing of novel services....