Corporate report

SIA business impact target, 2015 to 2017

Reports on the economic impact of SIA regulation on business.

From:
Security Industry Authority
Published
27 June 2017

Documents

SIA qualifying regulatory provisions, May 2015 to May 2017

PDF, 118 KB, 4 pages

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SIA BIT score for qualifying regulatory provisions, May 2015 to May 2017

PDF, 190 KB, 1 page

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Summary of SIA's non-qualifying regulatory provisions, May 2015 to May 2017

PDF, 187 KB, 6 pages

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Details

The UK government sets a business impact target (BIT) for how much money it will save businesses. Regulators like the SIA must measure the economic impact on businesses of any changes to how they regulate, so that the government can see how much they contribute to meeting the BIT.

By law, we must:

  • publish a list of new or amended regulatory activities
  • measure the economic impact of those activities on business

We measure the impact by calculating a ‘BIT score’, using rules set by the Department for Business, Energy and Industrial Strategy. When we do, we separate our regulatory activities into 2 categories:

  1. ‘Qualifying regulatory provisions’, which are considered when we calculate our BIT score.
  2. ‘Non-qualifying regulatory provisions’, which are not considered.

The documents above set out our:

  • qualifying regulatory provisions, May 2015 to May 2017
  • BIT score for those qualifying regulatory provisions
  • non-qualifying regulatory provisions, May 2015 to May 2017
Published 27 June 2017

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