Table of Contents

Executive Summary

Glossary

Overview

Chart of Principles

Necessity

• We will require higher standards of evidence before regulating.
• We will reduce red tape.
• We will keep our regulatory institutions and framework under review.

Effectiveness

• We will target our new regulations more effectively.
• We will make sure that regulations can be adequately enforced and complied with.
• We will ensure that existing regulations in key areas are still valid.

Proportionality

• We will regulate as lightly as possible given the circumstances, and use more alternatives.
• We will ensure that both the burden of complying and the penalty for not complying are fair.
• We will use Regulatory Impact Analysis appropriately when making regulations.

Transparency

• We will consult more widely before regulating.
• There will be greater clarity about Public Service Obligations.
• Regulations will be straightforward, clear and accessible.

Accountability

• We will strengthen accountability in the regulatory process.
• We will improve appeals procedures.

Consistency

• We will ensure greater consistency across regulatory bodies.
• We will ensure that regulations in particular sectors/areas are consistent.

Action Programme for Better Regulation

• Actions relating to legislative process and Statute Law Revision
• Actions on RIA and evidence-based policy-making
• Actions on institutional change and review
• Actions on sectoral regulators/sectoral issues
• Actions on regulatory procedures and processes

Appendices

• Appendix I - Regulatory Impact Analysis (RIA)
• Appendix II - RIA and the Legislative Process