1887

OECD Regulatory Policy Outlook 2021

image of OECD Regulatory Policy Outlook 2021

Laws and regulations govern the everyday life of businesses and citizens, and are essential tools of public policy. The COVID-19 pandemic has highlighted the crucial role regulation plays in the economy and society, but has also exposed gaps in domestic and international rule-making that have cost lives and money. The 2021 Regulatory Policy Outlook, the third in the series, maps country efforts to improve regulatory quality in line with the 2012 OECD Recommendation on Regulatory Policy and Governance, and shares good regulatory practices that can help close the gaps. It provides unique insights into how countries approach the design, enforcement and revision of regulations, and suggests where countries can best focus their efforts to ensure that laws and regulations work as intended. Finally, it discusses some agile and innovative approaches to rule making such as regulatory sandboxes, behavioural insights, and outcome-based, data-driven and risk-based regulation.

English Also available in: German, French

United Kingdom

The United Kingdom continues to invest in broadening the scope of its regulatory policy system. In response to an OECD IRC review published in 2020, the government has committed to develop an IRC strategy for the whole-of-government. A question was added to the RIA template in 2019, asking if a new measure was likely to impact on international trade and investment. The government published a White Paper in 2019, "Regulation for the Fourth Industrial Revolution", containing policies for reforming the regulatory system to support innovation. As part of this suite of policies, a new Regulatory Horizon Council has been established to advise the government on regulations that may need to be reformed to keep pace with technological change. Furthermore, an Innovation Test has been piloted to ensure that the impact of regulation on innovation is considered in the early stages of policy making.

English Also available in: French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error