Concept
The Process of Regulation
- Up to this point, we have developed our understanding of what regulation is, who designs and implements it, and what effects it can have. Now we will examine the processes involved in creating regulations, from inception to implementation and oversight. A key point of this development is that the phases do not take place in isolated, linear parts; instead, they overlap with one another due to the dynamic nature of this process and the systems to which they apply.