Regulator of Social Housing business impact target
Report on the cost to businesses of changes to our regulatory policies and practices.
Applies to England
Documents
Details
The business impact target is about reducing regulatory burden on business as part of the Small Business, Enterprise and Employment Act 2015. It places a duty on RSH to assess the economic impact of any new regulatory provisions or changes and to report on the associated cost to business.
The BIT assessment reports includes:
-
a list of all qualifying regulatory provisions 바카라 사이트“ changes to regulatory policies or practices described in a written ministerial statement. These are submitted to the Regulatory Policy Committee for validation.
-
a summary statement of non-qualifying regulatory provisions 바카라 사이트“ excluded from the BIT. These are submitted to the RPC for certification.
The regulator also has a duty to exercise its functions in a way that minimises interference and, so far as is possible, is proportionate, consistent, transparent and accountable. In addition, it has a duty 바카라 사이트“ the 바카라 사이트˜growth duty바카라 사이트™ 바카라 사이트“ to have regard to the desirability of promoting economic growth. See Regulating the Standards to find out more about our regulatory approach.