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What is Regulatory Experimentation? (view source)

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#Experiments can generate information in complex, changing systems. They can be particularly useful in rapidly changing circumstances where previous research and theory may become quickly outdated or offer little guidance.
 
#Experiments can generate information in complex, changing systems. They can be particularly useful in rapidly changing circumstances where previous research and theory may become quickly outdated or offer little guidance.
 
# By building a more robust evidence base they help to build consensus around a particular regulatory option or issue that may otherwise be contested.
 
# By building a more robust evidence base they help to build consensus around a particular regulatory option or issue that may otherwise be contested.
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<span style="color: #1F402B"><big>'''Regulatory Sandboxes'''</big></span>
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Rather than initiating a stand-alone experiment itself, regulators may want to facilitate experimentation and information-gathering activities in cooperation with third parties. Innovative products or services may pose challenges for regulators as it may be unclear how regulations apply or these products may present a radical challenge to the regulatory framework. In these situations Innovators and regulators will have an interest in generating evidence and information about how an innovation will work in a ‘real world’ context (e.g. with real users, or in a realistic physical environment). Setting up a regulatory sandbox is one way regulators can facilitate these experimentation and information gathering activities. We define a regulatory sandbox as:
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:'''A facility, created and controlled by a regulator, designed to allow the conduct of testing or experiments with novel products or processes prior to their full entry into the marketplace.'''
   
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<span style="color: #1F402B"><big>'''The CRI and regulatory experimentation'''</big></span> <br>
 
<span style="color: #1F402B"><big>'''The CRI and regulatory experimentation'''</big></span> <br>
 
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The CRI’s goals include creating opportunities for regulatory experimentation and helping federal regulators embed experimental learnings into regulation. The CRI can support regulators with the design and implementation of regulatory experiments through guidance and funding available through the [[Regulatory Experimentation Expense Fund| Regulatory Experimentation Expense Fund]]. For further information please contact the CRI at [mailto:cri-cir@tbs-sct.gc.ca?Subject=Regulatory%20Experimentation%20Enquiry&body=%20 <u>cri-cir@tbs-sct.gc.ca</u>].
 
The CRI’s goals include creating opportunities for regulatory experimentation and helping federal regulators embed experimental learnings into regulation. The CRI can support regulators with the design and implementation of regulatory experiments through guidance and funding available through the [[Regulatory Experimentation Expense Fund| Regulatory Experimentation Expense Fund]]. For further information please contact the CRI at [mailto:cri-cir@tbs-sct.gc.ca?Subject=Regulatory%20Experimentation%20Enquiry&body=%20 <u>cri-cir@tbs-sct.gc.ca</u>].
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