Principles, Approaches and Framework for Agile Regulation

Abstract

The Agile principal-based regulation is necessary for adaptation to rapid technology changes. The fast-paced progress in digital technology can be a challenge to traditional regulation which is often process-based and consultative. These challenges require regulatory actions that minimize the risk and while being agile enough to allow research, innovation and technology diffusion to continue. Agile regulation offers advantages such as information capabilities and industry communication improvement, cost reduction and performance and efficiency increase. In this paper, tools for agile governance and regulation are introduced, and some approaches for expanding regulation beyond the governance and the key principles for agile regulation are discussed. Further, the important issues of agile regulation such as joint-up regulation, outcome-focused regulation and international cooperation are discussed and regulation management approaches to ensure suitability for the future. Finally, based on the findings of this research, we propose an agile regulatory framework for Iran. This proposed framework can play an important role in organizing the regulation of the digital economy and determining the connections between its parts.

Keywords

• agile regulation
• collaborative governance
• regulatory sandbox
• outcome-focused regulation