What is a good regulation?

Good regulation is any regulation that reduces the extent of fraud and corruption in the financial sector without imposing excessively high costs on the society. Several examples of good regulation and bad regulation are discussed.

What is a directive vs regulation?

A “Regulation” is defined as a binding legislative act. It is immediately applicable in its entirety in all Member States and it overrules national laws. A “Directive” is a legislative act setting objectives that all EU countries must reach and translate into their national legislation within a defined time frame.

What is a regulatory framework?

Regulatory Framework means the Act, Regulations, By-laws, Rules of Professional Conduct and Policies of the Association.

What is the better regulation framework?

The Better Regulation Framework is the system within which government departments and regulators have to operate when ministers propose new regulation.

What are the characteristics of a good regulation?

Characteristics of good regulation are not limited to legalistic rules and techniques. They also involve things like necessity, effectiveness, efficiency, legal certainty and social justice.

What are good regulatory practices?

Good regulatory practices facilitate, for example, the fight against counterfeit medicines, as they promote the publication of assessment reports and a dialogue with the world’s regulatory agencies. Nowadays, it is a network, which look out for counterfeit medicines, rather than a single country or company.

Are regulations better than directives?

Regulations have binding legal force throughout every Member State and enter into force on a set date in all the Member States. Directives lay down certain results that must be achieved but each Member State is free to decide how to transpose directives into national laws.

What is regulatory requirement?

A regulatory requirement is a rule that a government entity imposes on an organization. Some federal and state laws govern virtually all organizations. Regulations govern how organizations manage their business and employees and how they interact with customers, among many other areas.

What is another word for regulatory?

What is another word for regulatory?