This text looks at rulemaking in one of the most important areas of
economic life - financial services. The book has three main aims:
first, to build a jurisprudential and linguistic analysis of rules
and interpretation, drawing out the implication of these analyses
and developing quality proposals for how rules could be used as
instruments of regulation. Second, it interprets that analysis and
set of proposals with an empirical study of the formation and use
of rules in a particular regulatory system - financial services,
and third, it evaluates the nature of the rulemaking process. The
authors main case study, examining the use of self-regulation in
the financial services sector, complements the detailed analysis of
rule formation and uses.
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