A safe harbour is a private,self-regulating policy and enforcement mechanism that meets the objectives of government regulators and legislation but does not involve government regulation or enforcement.

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A safe harbour is generally a voluntary, industry-led approach to regulation in which an organization agrees to follow certain principles, standards or codes of conduct. This approach can be used as an alternative to government regulation, and it aims to balance the interests of businesses and consumers while ensuring compliance with legal requirements. Safe harbour policies typically involve self-auditing, reporting, and monitoring mechanisms, and they may include penalties or other consequences for non-compliance. Overall, the goal of safe harbours is to provide a more flexible and responsive approach to regulation that can adapt to new technologies and market developments, while still ensuring consumer protection and public safety.

A Safe Harbour Is a Private,self-Regulating Policy and Enforcement Mechanism