Depiction of From rules-setting to principles-based regulation: what are the challenges and opportunities?
UK

From rules-setting to principles-based regulation: what are the challenges and opportunities?

Date and time

23 Feb 2021 10:00 BST
to 28 Feb 2021 15:00 BST

Venue

The Big office
St Peter's Street
Winchester
WP1 5ED
UK

The session, jointly organised by Oxera and the IIC, will look at the evolution of the regulatory model, from traditional rule-setting to towards principles-based regulation (designed to achieve compliance with the spirit as opposed to just the letter of the law).

Examples of this shift include the Ofcom fairness framework, the proposals for a “duty-of-care”-based regime for online harms, and most recently the Digital Markets Task Force’s recommendations on how to take forward the “fairness by design” duty proposed by the CMA’s online platforms market study.

The main purpose of the session will be to shed light on the impacts of this kind of regulatory approach on the commercial and operational decisions of regulated companies in the telecoms, media and technology sectors.

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