How to achieve Regulatory Completeness? Large Language Models as Game Changers

Regulatory completeness is crucial for effective implementation and, consequently, for the success of regulation. The recent article “How to ensure Regulatory Completeness, by Classic Tools and Large Language Models” in the Journal of the Commonwealth Association of Legislative Counsel explains why and shows what can be done to make regulation complete.The article asserts that Large Language Models offer new ways of achieving regulatory completeness that go beyond what can be achieved by ordinary (internet) research. The Regulatory Institute can confirm this through recent experiments. Using Large Language Models, it was able to identify more than 500 candidate model provisions in two distinct regulatory fields. Together with its “Cross-sectoral Standard Provisions“, the “List of Powers for Authorities / List of Obligations” and the “List of Sanctions and Accompanying Measures“, the Regulatory Institute will soon be in a position to offer regulatory practitioners and legislators more than 1,000 candidate elements for a single piece of legislation/regulation to be developed. This shows that Large Language Models are also becoming a game changer in the classic field of regulation. Be sure to take a look at this earlier article and stay in touch with us to be informed about future developments. We are committed to continuing as pioneers in this area.

Leave a Reply

Your email address will not be published. Required fields are marked *

eleven − eight =