Corporate report

British Hallmarking Council: business impact target

The British Hallmarking Council (BHC) and UK Assay Offices assess their regulatory impact on businesses using business impact target (BIT) assessments.

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Our business impact target (BIT) assesses the economic impact of regulation on businesses, and aims to reduce that regulation. This is in line with the obligations set out in the Enterprise Act 2016 and the Small Business, Enterprise and Employment Act 2015.

Qualifying Regulatory Proposals (QRPs) are regulatory activities which are scored against the BIT. Non-Qualifying Regulator Proposals (NQRPs) are regulatory activities which are excluded from the BIT.

Regulators are required to publish lists of both QRPs and NQRPs.

Find out more about the BIT.

Published 6 September 2017