Governance
Extra-Legislative Tools
Preparatory non-binding measures for businesses.
Definition
Preparatory measures provided to businesses before formal legislation enactment, including guidance documents, assessment methodologies, capacity-building resources, voluntary codes, and sandbox participation intended to ready companies for future binding requirements.
Related Terms
Stage One Preparatory Phase
Initial voluntary implementation period preparing for binding rules....
Bottom-up Regulation
Industry-led development of regulatory frameworks before binding rules....
pilot testing/sandbox
Regulated exceptions enabling controlled testing of novel services....
Innovation Sandbox
Controlled regulatory environment for businesses to test new AI products/services with reduced burdens and oversight....
Policy instrument
Non-binding strategic guidance or government action plan....