What is regulatory experimentation?

Regulators are required to make decisions in the face of uncertainty. Regulators use regulatory experimentation to generate evidence and information that can be used in decision making to help reduce that uncertainty.

A regulatory experiment is a trial or test of a new product, service, approach or process designed to generate evidence or information that can inform the design or administration of a regulatory regime.

Regulatory experiments are unique in that they are specifically designed to support regulatory decision making.

Types of experiments that can help inform the development or amendment of regulations include testing one of the following:

The centre provides regulators with resources, advice, and expertise in the development of regulatory experiments and has supported a number of regulatory experiments to date including:

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