THE FORMATION OF THE INSTITUTE OF MANDATORY REQUIREMENTS IN THE REPUBLIC OF BELARUS IS A PROMISING DIRECTION FOR IMPROVING THE REGULATION OF ENTREPRENEURIAL AND OTHER ECONOMIC ACTIVITIES IN THE CONTEXT OF THE DIGITAL TRANSFORMATION OF THE ECONOMY
The issues of creating a favorable regulatory environment for economic development are on the agenda. Legislation and regulation should be «friends», not «enemies», should contribute to the digital development of the economy and technological progress in general. However, excessive regulation caused by the adoption of a large number of new regulatory legal acts, along with existing ones, sometimes creates insurmountable barriers to entrepreneurial and other economic activities. The process of obsolescence of normative legal acts containing mandatory requirements is inevitable and to a certain extent is synonymous with their inefficiency, which requires a comprehensive revision and updating of the current regulatory array in the economic sphere. In the era of global digital transformations, there is a whole palette of effective regulatory technologies that have significant potential to improve the system of mandatory requirements imposed on businesses, allowing them to effectively prevent the unjustified expansion of the regulatory field.