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Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
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BetaA "regulation" is a binding legislative act. It must be applied in its entirety across the EU. For example, when the EU’s regulation on ending roaming charges while travelling within the EU expired in 2022, the Parliament and the Council adopted a new regulation both to improve the clarity of the previous regulation and make sure a common approach on roaming charges is applied for another ...
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BetaMore complex regulations, such as the working time regulations with their opt-out, complex rules to cope with multiple employers, and 17 week averages, are much less likely to be effective. The regulation of risks to health and safety is a particularly difficult and interesting area which is the subject of a separate area of this website. 3.
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BetaFor example, U.K. regulators combine elements of rate of return regulation and price cap regulation to create their form of RPI-X regulation. Some regulators use earnings sharing , 10 which is an approach that allows the operator to keep some portion of its earnings above its cost of capital and bear some portion of the difference if earnings are below the cost of capital .
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BetaPrimary law: EU treaties. Every action taken by the EU is based on the treaties. These binding agreements between EU member states, notably the Treaty of Rome and the Treaty of Maastricht, set out objectives of the European Union, rules for EU institutions, how decisions are made and the relationship between the EU and its members.
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BetaTraditionally, the majority of regulations have taken the form of what is frequently referred to as command and control regulation (also sometimes called “means-based” or “technology-based”). Under this approach, the regulatory agency sets forth methods, materials, and the processes by which the regulated entity must operate.
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BetaRegulation involves not only setting standards, but monitoring performance against them and enforcing compliance. 87 Levi-Faur D, ‘Regulation and regulatory governance’, in Levi-Faur D ed, Handbook on the Politics of Regulation, Edward Elgar Publishing, 2011, p. 5; Koop C and Lodge M, ‘What is regulation?
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BetaIntroduction. A theory of regulation is a set of propositions or hypotheses about why regulation emerges, which actors contribute to that emergence and typical patterns of interaction between regulatory actors. In answering the ‘why’ question, we range beyond law to other disciplines, and much of the material in this chapter draws upon the disciplines of politics, economics and sociology.
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Betasector. Regulation in general is a form of government intervention in economic activity and interference with the working of the free-market system. According to some views, regulation is “synonymous with government intervention in social and economic life” (Moran, 1986). Free marketeers dislike regulation because they do not like any form of
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Betafocuses on the form of legal entity under regulation and, accordingly, assigns a. particular regulator. This mode of financial system regulation is used in China, Mexico. 7. and Hong.
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Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds ), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
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