Rules and Regulatory Technique

Julia Black

in Rules and Regulators

Published in print May 1997 | ISBN: 9780198262947
Published online March 2012 | e-ISBN: 9780191682421 | DOI:

Series: Oxford Socio-Legal Studies

Rules and Regulatory Technique

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The focus of rule making changes according to new occurrences and market development, and the institutional and legal context where regulation operates further constrain regulators. Moreover, the concept of rule has a specific impact: it is a financial arrangement, the nature of which being regulated and the incentives to avoid regulation indicating that concerns of creative compliance appear significant. Issues of pinpointing what the rule should and should not cover are important. Various techniques of regulation have been tested in relation to different rule types, but different factors, namely, institutional differences, market structure and regulators' views, have brought about a rule that apparently may not attain its objective.

Keywords: rule making; regulation; rules; regulatory technique; rule types

Chapter.  10916 words. 

Subjects: Constitutional and Administrative Law

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