Regulatory proposals are accompanied by an impact assessment (IA), which assesses and estimates the likely costs and benefits, as well as presenting the associated risks, of a regulatory proposal that has an impact on business, civil society organisations, the public sector or individuals. Following scrutiny of an IA the RPC provides an Opinion on the quality of analysis and evidence presented in the IA. This opinion then informs the decisions of ministers as to whether or not they proceed with the proposal.
Guidance on the issues the RPC considers when scrutinising an IA can be found here.
In a small number of instances departments have chosen to proceed with a regulatory proposal which is not supported by an IA which has received a ‘fit for purpose’ rating from the RPC. The RPC publishes these ‘Red’ opinions. Alongside links to the IAs and the related opinion there are details of these proposals and factors contributing to the rating of the RPC opinion.