OECD Regulatory Policy Outlook 2015

image of OECD Regulatory Policy Outlook 2015

Regulations are the rules that govern the everyday life of businesses and citizens. They are an essential instrument in the hands of government to promote economic growth, social welfare and environmental protection. However, regulations can also be costly and ineffective in achieving their objectives. The Regulatory Policy Outlook is the first evidence-based analysis of the progress made by countries to improve the way they regulate. Based on a unique survey filled by all OECD countries and the European Commission, the Outlook assesses progress in establishing the conditions for good regulation. It provides unique insights into the organisation and institutional settings in countries to design, enforce and revise regulations. It uncovers the areas of the regulatory cycle that receive too limited attention from policy makers, and identifies actors who have an important part to play to improve the way regulations are developed, implemented and evaluated. It reviews the use of three critical tools of regulatory policy (Regulatory Impact Assessment, stakeholder engagement and ex post evaluation) and proposes options to use them in a more strategic manner to inform the development and delivery of regulations.

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United Kingdom

The United Kingdom places great emphasis on evidence-based policy making. Before introducing new regulations, a preliminary RIA is carried out that outlines the problem under consideration and evaluates possible regulatory and non-regulatory solutions. Stakeholders are invited to comment on the evidence and assumptions supporting the analysis. A final stage RIA is then developed providing detailed cost-benefit analysis for the preferred option(s). Deregulatory measures and low-cost measures are eligible for a Fast Track Regulatory Triage Assessment, where an early stage RIA is not compulsory. The Private Members’ Bills (initiated by parliament) which receive government support would normally go through the same processes as similar government bills initiated by the executive.

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