THE LEGAL NATURE AND SPECIFIC FEATURES OF EXPERIMENTAL REGULATION
Keywords:
experimental regulation, law, digital innovations, regulatory sandbox, legal nature, innovative technologies, experimental legal regime, legal mechanisms, experienceAbstract
This article analyzes the legal nature, essence, and practical significance of experimental regulation. Within the framework of legislation, this mechanism is aimed at creating special conditions for the development and testing of digital innovations. The article examines the legal characteristics of the "regulatory sandbox" concept, the rights and obligations of participants, as well as the impact of this mechanism on society and the economy. Furthermore, advanced practices in this field and international experiences are studied.
References
OECD (2019), “Regulatory Sandboxes: A Practical Guide for Policy Makers”, OECD Publishing, Paris.
Ranchordás, S. (2021), “Experimental Legislation: A New Paradigm for Public Administration?”, Administrative Sciences, 11(1), 8.
Fenwick, M., Kaal, W. A., & Vermeulen, E. P. (2017), “Regulation Tomorrow: What Happens When Technology Is Faster than the Law?”, American University Business Law Review, 6(3), 561-594.
World Bank (2020), “Global Experiences from Regulatory Sandboxes”, World Bank Group, Washington, DC.
Zetzsche, D. A., Buckley, R. P., Arner, D. W., & Barberis, J. N. (2017), “Regulating a Revolution: From Regulatory Sandboxes to Smart Regulation”, Fordham Journal of Corporate & Financial Law, 23(1), 31-103.
Conseil d'État (2019), “Les expérimentations: comment innover dans la conduite des politiques publiques?”, La Documentation française, Paris.
Autorité des marchés financiers (2019), “The French ICO Regime”, AMF, Paris.
Financial Conduct Authority (2015), “Regulatory Sandbox”, FCA, London.
Financial Conduct Authority (2019), “Global Financial Innovation Network (GFIN)”, FCA, London.
Monetary Authority of Singapore (2016), “FinTech Regulatory Sandbox Guidelines”, MAS, Singapore.
Infocomm Media Development Authority (2020), “AI Verify”, IMDA, Singapore.
Yegorova M.A. “Pravovoe regulirovanie eksperimentalnыx pravovыx rejimov v Rossii”, Moskva, 2022
Petrov S.V. “Regulyatornыe pesochnisы: mejdunarodnыy opыt i rossiyskaya praktika”, Pravo i sifrovaya ekonomika, 2021
