Tag Archives: law

World’s first Model Law on Public Financial Management

The Regulatory Institute proudly assisted the Southern African Development Community Parliamentary Forum (SADC PF) develop the world’s first Model Law on Public Financial Management (MLPFM). The MLPFM was unanimously approved by the 51st Plenary Assembly of the SADCPF on 14 July 2022, representing several months of work, by experts in several countries and an extensive consultation process across diverse sectors of the SADC region. This howtoregulate article outlines the regulatory assistance provided by the Regulatory Institute in the development of this trailblazing model law. Given the value of model laws as a lawmaking tool, the Regulatory Institute is developing a Model Laws Library, the aim of which is to facilitate the work of lawmakers. Continue reading World’s first Model Law on Public Financial Management

Model Law on Environmental Liability

Environmental liability is a matter of fairness. The deterrence effect of environmental liability also helps to reduce environmental pollution. Unsurprisingly, environmental liability acts have emerged in many jurisdictions around the globe. Quite a number of them will soon go under revision. In view of that, we undertake the development of a Model Law on Environmental Liability. Our model law covers both the public law and the private law side of environmental liability, offering more choices for regulators. Continue reading Model Law on Environmental Liability

The legislature’s ex post control of public finances (Part 2)

In this Part 2 on regulating the legislature’s ex post control of public finances we provide reference regulation for oversight of the government’s finances and expenditure. Part 1 covered substantive questions to consider for the ex post control of public financial management (PFM) and the international, multilateral and regional regulatory standards for legislative scrutiny. Continue reading The legislature’s ex post control of public finances (Part 2)

Research and Technology Risks: Part IV – A Prototype Regulation

The following prototype regulation shows that it is possible to cover all kinds of research and technology risks in one piece of regulation, making the currently practiced piece-meal approach superfluous. Compared with the practice of developing particular pieces of regulation e.g. for biotechnology, nuclear science, geo-engineering and always running behind the new technologies popping-up, this regulatory approach permits an easy handling and a faster and more complete coverage of research and technology risks. Continue reading Research and Technology Risks: Part IV – A Prototype Regulation

Cybersecurity: Regulating the Virtual World

Smart grids, electronic commerce, digital government, and health services are but a few of the many possibilities offered by the advancement of technology and expansion of cyberspace. We could only agree with the Indonesian legislator that activities in cyberspace are virtual activities that have actual impacts on our lives. Cybersecurity breaches cover – among others – denial of services, physical theft, crime ware, cyberespionage, and web application attacks. Continue reading Cybersecurity: Regulating the Virtual World

Robots: no regulatory race against the machine yet

From autonomous cars, robotised hotel complexes to surgical and companion robots, the technology of robotics have well advanced. However, have the regulatory measures followed with the same pace? We believe that it has not evolved fast enough. At present, only South Korea has adopted a law that specifically governs the sector of robotics whilst other jurisdictions still struggle how to address immense technological advancements and the related challenges from a legal perspective. Continue reading Robots: no regulatory race against the machine yet