[Peter mode] you are not supposed to drive fast at that section so no fence is required...
[梁美芬 mode] you are not supposed to drive fast at that section; If you do, slide down the slope will be a good punishment to you because you deserve it...
You don't need fence on side slope beyond road shoulder if it's less than 2 horizontal to 1 vertical. On the Norway Trollstigen, they do have barricades on steep slope if you can look closely. Otherwise they won't be passed by the local transportation ministries.
Please don't comment "There are usually no fence on winding hill roads, in most countries." if you don't actually know and pretend you know...
"There are usually no fence on winding hill roads, occur mostly in bureau rats dominating China...