different approaches to regulation


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  • A principles- based approach to regulation enables an organisation to consider its products and services from a consumer perspective.
    These principles can be used to ask important questions about consumer impact and engagement, and how products and services should look and feel to the consumer.

  • What are the three types of regulation?

    Three main approaches to regulation are “command and control,” performance-based, and management-based.
    Each approach has strengths and weaknesses.5 avr. 2016

  • What are the different ways of regulating?

    The Six Types of Regulation

    Laws which impose burdens.Laws which directly confer rights and/or provide protection.Self-regulation.Licensing bodies and Inspectorates.Economic regulators.Regulators of public sector activities.

  • What are the 4 aspects of regulation?

    Given the core similarities across all regulations, the differences between the myriad regulatory instruments can be explained in terms of four components: the regulator, the target, the type of command, and the type of consequences.

  • Regulators can take a wide range of approaches to regulation, but broadly speaking, three common approaches prevail – rules-based (prescriptive), goals-based, and management-based regulation.
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