Sifiso Skenjana | Technology is evolving. Shouldn't regulation evolve, too?

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Sifiso Skenjana (supplied)
Sifiso Skenjana (supplied)

Regulators must shift and evolve as the markets they regulate change, rather than hanging onto historical views of existing market structures and how they currently work, says Sifiso Skenjana.

Many industries have seen massive shifts over the years in both legislation and regulation – establishing the checks and balances that should ensure how we legislate remains relevant and appropriate for the era.

Cricket, for example, was one of the first major sporting titles to introduce a mechanism through which the umpire's decision could be re-evaluated, and other sporting codes have also followed, with the TMO in rugby and VAR more recently introduced in soccer.

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