Concept
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As mentioned at the start of this section, this process is described at a high-level and is generalized in order to give you an idea of regulatory formation and implementation. This is not a globally recognized framework and not all regulation will be formulated in this manner.
The above process makes certain assumptions. It assumes the existence of an open democracy in which the society and industry at large is encouraged to engage with its government in solution creation. Under certain dictatorships, for instance, this may not be the case.
This process will also vary in its details according to the myriad governmental frameworks around the world. The system followed by the Japanese government is different from that followed by the UK government, and that of the UK government differs from that of the US government, and so on. This will obviously have an impact on the speed, quality, and overall influence of the regulation in question.