Acta Universitatis Carolinae Iuridica (AUCI) is the main journal of the Faculty of Law of Charles University. It has been published since 1954 and is one of the traditional law journals with a theoretical focus.
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AUC IURIDICA, Vol 70 No 2 (2024), 35–48
Setting up the Legislative Framework for the Introduction of a Regulatory Sandbox: the Czech Perspective
Vladimír Sharp, Gabriela Blahoudková
DOI: https://doi.org/10.14712/23366478.2024.21
published online: 23. 05. 2024
abstract
This paper delves into the intricate intersection of the phenomenon of regulatory sandboxes and public law and focuses on the issue of legislative empowerment for the establishment of a regulatory sandbox. Based on the example of the Czech Republic, which lacks a fully operational regulatory sandbox, the study investigates the legislative prerequisites for initiating such a framework. Using the qualitative doctrinal research, the authors examine diverse conceptual frameworks, aiming to identify the optimal legislative approach for implementing and sustaining a regulatory sandbox. Notably, the study scrutinizes the viability of constructing a regulatory sandbox under general administrative empowerment clauses within the Czech legal context, considering the principles of legality and intra vires doctrine inherent in continental administrative law. The research contributes insights to the ongoing discourse on regulatory sandboxes, providing a nuanced understanding of the legislative prerequisites for their operation, with a focus on the specific challenges and opportunities within the Czech regulatory landscape.
keywords: regulatory sandboxes; experimental lawmaking; legislative requirements; empowerment provisions; enabling clauses; statutory mandate; financial law; energy law; fintech; Innovation
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