Tiers of regulation (Gilad, 2010, p. 490)
| Tier of regulation | Focus of regulation | Regulatory standards | Type of regulation |
|---|---|---|---|
| First | Organisations' core production and operations | Prescribed actions, output specifications or principles that control and constitute firms' production processes | Prescriptive or outcome-oriented regulation |
| Second | Organisations' compliance systems | System-oriented specifications that direct organisations' governance and control of their compliance with first-tier specifications | Controls-based regulation |
| Third | Organisations' self-evaluation | Process-oriented specifications that guide organisations' analysis of the risks that their operations pose to regulatory objectives and their setting of first- and second-tier specifications | Process-oriented regulation |
| Tier of regulation | Focus of regulation | Regulatory standards | Type of regulation |
|---|---|---|---|
| First | Organisations' core production and operations | Prescribed actions, output specifications or principles that control and constitute firms' production processes | Prescriptive or outcome-oriented regulation |
| Second | Organisations' compliance systems | System-oriented specifications that direct organisations' governance and control of their compliance with first-tier specifications | Controls-based regulation |
| Third | Organisations' self-evaluation | Process-oriented specifications that guide organisations' analysis of the risks that their operations pose to regulatory objectives and their setting of first- and second-tier specifications | Process-oriented regulation |
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