Legal status of the actors of the experimental legal regimes (regulatory sandboxes) in Russia
DOI:
https://doi.org/10.33975/riuq.vol34nS2.932Keywords:
experimental legal regimes, regulatory sandboxes, fintech, digital economy, digital innovationsAbstract
The purpose of this work is to study the legal status of actors in Russian experimental legal regimes (regulatory sandboxes). This research analyzes categories of actors of experimental legal regimes (regulatory sandboxes), as provisioned by current Russian legislation. It distinguishes two main groups of actors according to their role in experimental legal regimes (regulatory sandboxes). The research methodology is based on formal logic, systemic and structural analysis, and interpretation of legal regulations. The study distinguished two groups of actors of experimental legal regimes (regulatory sandboxes): participating actors and regulating actors. The former group includes initiators, contenders, subjects, and participants. The latter comprises regulating and authorized bodies, the business community organization, coordinating authorities, and the Bank of Russia. The research aims to determine the legal status of actors of experimental legal regimes (regulatory sandboxes), an institution previously unknown in Russia. It provides a description of subjects involved in establishing a regulatory sandbox, as provisioned by the national legislation, and makes a distinction between participating and regulating actors.
Downloads
References
Balyakin, A. A., Nurakhov, N. N., & Nurbina, M. V. (2022, March). Mechanism of regulatory sandboxes for legal regulation of megascience class facilities operations. In Journal of Physics: Conference Series (Vol. 2210, No. 1, p. 012010). IOP Publishing.
Davydova, M. L. (2020). Formation and normalization of legal terminology in the field of digital technologies. Science Journal of Volgograd State University. Linguistics, 19(4), 52–63. doi:10.15688/jvolsu2.2020.4.5
Davydova, M. L., & Makarov, V. O. (2019, September). Experimental legal regimes (regulatory sandboxes): theoretical problems and implementation prospects in modern Russia. In Competitive Russia: foresight model of economic and legal development in the digital age. International scientific conference in memory of Oleg Inshakov (pp. 577-584). Springer, Cham.
Efremov, A. A., Dobrolyubova, E. I., Talapina, E. V., &Yuzhakov, V. N. (2020). Experimental legal regimes: global practices and Russian initiatives (V. N. Yuzhakov, Rev.) Moscow, Russia: Delo.
Efremova, E. A., & Gordienko, E. S. (2021, April). Digital Innovation in the Light of the Experimental Legal Regime. In International Scientific Conference “Digital Transformation of the Economy: Challenges, Trends, New Opportunities” (pp. 59-65). Springer, Cham.
Elizaveta, G., & Tjaša, I. (2020). Regulatory sandboxes (experimental legal regimes) for digital innovations in BRICS. BRICS Law Journal, 7(2), 10-36.
Gromova, E. A., Koneva, N. S., & Titova, E. V. (2022). Legal barriers to the implementation of digital industry (Industry 4.0) components and ways to overcome them. The Journal of World Intellectual Property, 25(1), 186-205.
Makarov, V.O. (2020). Practical aspects of implementing regulatory sandboxes in Russian legislation in the context of adopting Federal Law No. 258-FZ of July 31, 2020, “On experimental legal regimes in the field of digital innovations in the Russian Federation”. Legal Studies, 11, 18 - 25. doi: 10.25136/2409-7136.2020.11.34587.
Ranchordas, S. (2021). Experimental regulations for AI: sandboxes for morals and mores. University of Groningen Faculty of Law Research Paper, (7), 123-143.
Tarasenko, O. A. (2021). Formation of the Doctrine and Legislation on Legal Regimes of Banking. Perm U. Herald Jurid. Sci., 51, 105.
Salikhov, D. R. (2020). “Regulatory Sandboxes” in Russia: New Horizons and Challenges. Digital Law Journal, 1(2), 17-27.
Wechsler, M., Perlman, L., & Gurung, N. (2018). The State of Regulatory Sandboxes in Developing Countries. Columbia Business School.
Yefremov, A. (2019, June). Regulatory Sandboxes and Experimental Legislation as the Main Instruments of Regulation in the Digital Transformation. In International Conference on Digital Transformation and Global Society (pp. 82-91). Springer, Cham.
Zavyalova, E. B., Krykanov, D. D., & Patrunina, K. A. (2020). The mechanism of regulatory sandboxes for introducing digital innovations: the practice of implementing experimental legal regimes at national and supranational levels. Journal of Law and Administration, 15(4), 130-138.
Zetzsche D., Buckley R., Arner D., & Barberis J. N. (2017). Regulating a Revolution: From Regulatory Sandboxes to Smart Regulation. EBI Working Paper Series, 11. Retrieved from: https://bit.ly/2NiZlav
Published
Issue
Section
License
Copyright (c) 2022 Revista de Investigaciones Universidad del Quindío
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
