Glossary of Platform Law and Policy Terms
Prof. Dr. Rolf H. Weber is Professor of international business law at Zurich University acting there as co-director of the Research Program on Financial Market Regulation, the Center for Information Technology, Society, and Law and the Blockchain Center. Furthermore, he was Visiting Professor at Hong Kong University and he is practicing attorney-at-law in Zurich. Prof. Weber is member of the Editorial Board of several Swiss and international legal periodicals and frequently publishes on issues of global law. His main fields of research and practice are IT- and Internet, international trade and finance as well as competition law.
Author: Rolf H. Weber ‘Self-regulation’ refers to rules that are autonomously developed and implemented by the thereof concerned persons, groups, or enterprises (such as users or users’ groups, intermediaries, platform or technology providers, etc.), independently from any structured form of rulemaking (often called ‘soft law’). The legitimacy of self-regulation is based on the fact that… Continue reading Self-regulation
Rolf H. Weber Self-regulation, as developed by the concerned (market) participants, can be strengthened by involving governmental agencies in the rule-developing and rule-implementing processes. Depending on the degree of involvement, the respective forms of co-operative rulemaking are called (i) co-regulation, (ii) regulated self-regulation, (iii) directed self-regulation or (iv) audited self-regulation (Weber, 2014). The most common… Continue reading Co-regulation