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Line 19: − <span style="color: #1F402B"><big>'''What is the Regulatory Experimentation Expense Fund (REEF)?'''</big></span><br>The REEF is a fund to help regulators support innovation by experimenting with:+ + − + − + + − The REEF provides regulators with:+ + + − *financial support to offset expenses associated with experimenting, and+ − *technical advice and guidance to help you navigate your specific situation. + − The REEF can be used to help regulators:+ − + − − *determine whether an experiment would be the right approach (NEW) − *develop a regulatory experiment (NEW)
Regulatory Experimentation Expense Fund (view source)
Revision as of 15:02, 1 November 2023
, 15:02, 1 November 2023no edit summary
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== '''Project Eligibility''' ==
The REEF is a fund to help regulators innovate or support innovation in the marketplace by experimenting with:
*innovative approaches to any or all stages of the regulatory lifecycle (issue definition and instrument choice, regulatory development, administration, compliance/enforcement, and review/evaluation)
* Innovative approaches to any stage(s) of the regulatory lifecycle (issue definition and instrument choice, regulatory development, administration, compliance/enforcement, and review/evaluation)
*regulatory approaches for new products or services.
* Market innovations (e.g., products, business models, services.)
All stages of regulatory experimentation are supported, including:
* determining whether an experiment would be the right approach (NEW)
* developing a regulatory experiment (e.g., scope, evidence needs, experimental process, data collection methods) (NEW)
* conducting a regulatory experiment
== '''What can the REEF offer?''' ==
Regulators can receive:
* financial support to offset expenses associated with experimenting. There is up to $1,400,000 per fiscal year with multi-year funding available
* technical advice and guidance to help you navigate your specific situation.
*conduct a regulatory experiment
