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Regulatory focus theory (RFT) is a theory of goal pursuit [1]: 444 formulated by Columbia University psychology professor and researcher E. Tory Higgins regarding people's motivations and perceptions in judgment and decision making processes.
Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
The President's Working Group on Financial Markets, known colloquially as the Plunge Protection Team, or "(PPT)" was created by Executive Order 12631, [1] signed on March 18, 1988, by United States President Ronald Reagan. As established by the executive order, the Working Group has three purposes and functions:
In 2008, the United States appointed Cass Sunstein, who helped develop the theory, as administrator of the Office of Information and Regulatory Affairs. [ 17 ] [ 38 ] [ 39 ] In 2010, the British Behavioural Insights Team , or "Nudge Unit," was established at the British Cabinet Office and headed by psychologist David Halpern .
Regulatory compliance in the European Union (EU) is governed by a harmonized legal framework designed to ensure consistency across member states while allowing for national implementation. EU compliance regulations cover various industries, including consumer product safety, financial services, environmental protection, and data privacy.
The U.S. policy framework contrasts with that of some of its major trading partners: the European Union, Japan, South Korea, China, Australia and New Zealand either have or are establishing separate mandatory labeling requirements for products containing genetically modified organisms. This framework governed specific agency policies.
The most critiqued aspects of public interest theory are its ambiguity, and its inability to recognize/address imperfections in the regulatory regime. Further, it provides no framework for assessing when and if the public interest has been served. Another issue is whether the integrity of the regulatory function is maintainable over time.
A policy framework is a document that sets out a set of procedures or goals, which might be used in negotiation or decision-making to guide a more detailed set of policies, or to guide ongoing maintenance of an organization's policies. Policy framework or specific frameworks may refer to: Sender Policy Framework; Security Policy Framework