Quasiregulated
Quasiregulated is an adjective used to describe systems, activities, or markets where regulation exists but is incomplete, uneven, or transitional. In a quasiregulated regime, formal rules are in place but coverage is partial, enforcement is inconsistent, or the regime is still evolving in response to new actors or technologies.
The term is common in policy analysis and governance studies. It can apply to financial sectors with
Key features include a blend of formal rules and informal norms, dependence on enforcement capacity, and jurisdictional
Examples are used in scholarly discussions rather than fixed categories: for instance, markets with evolving licensing
The concept overlaps with de facto regulation and self-regulation and is distinct from fully centralized oversight.
Critics argue that quasiregulation sustains uncertainty and loopholes, while supporters claim it offers flexibility to adapt