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Regulatory Sandboxes and Experimental Legislation as the Main Instruments of Regulation in the Digital Transformation

Conference paper
Part of the Communications in Computer and Information Science book series (CCIS, volume 1038)

Abstract

Digital transformation poses an intrinsic challenge for regulators. With the rapid development of digital technology, there is a need for new regulatory tools. Russia, like many other countries, is trying to improve its regulatory policy for digitalization and digital transformation. This paper aims comparing the possibilities and prospects for the use of regulatory sandboxes in developed countries, in Russia and in the EAEU.

The analysis demonstrates that the transition from experimental legislation to regulatory sandboxes is associated with the need for rapid adaptation of regulation to digitalization conditions. Moreover, in Russia, the full implementation of regulatory sandboxes for digital transformation is complicated by the peculiarities of the legal system and the role of the law as the main regulatory tool. In the EAEU, the introduction of regulatory sandboxes is complicated by the different approaches of states to protecting their digital sovereignty and attitudes towards virtual jurisdictions.

Based on the analysis, the new regulatory specific mechanism for the relationship between strategic planning, legal forecasting, experimentation and the formation of proactive regulation is proposed. Implementation of these recommendations would help improve legal regulation of the development of digital technologies in Russia and the EAEU. It has been demonstrated that regulatory sandboxes are one early step in a new smart—digitized and datafied—process regulatory systems.

Keywords

Digital Economy Digital transformation Experimental legislation Regulation Regulatory sandboxes 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Russian Academy of National Economy and Public Administration (RANEPA)MoscowRussia

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