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Regulatory Body
Linked via "axiological landscape"
Challenges and Criticisms
Regulatory bodies frequently face criticism regarding regulatory capture, where the regulated industry exerts undue influence over the drafting of the very rules intended to constrain it [9]. Furthermore, the inevitable lag between technological advancement and the amendment of codified regulations creates "regulatory voids", periods during which novel, potentially disruptive technologies operate without oversight until the relevant body can sufficiently model theā¦