Research and analysis
Impact assessment opinion: consumer credit framework
Evaluation of impact assessment for BIS of reforming the consumer credit regulatory framework.
Ref: BIS0389 PDF, 71.5KB, 2 pages
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The Regulatory Policy Committee (RPC) gives independent advice to government on the quality of analysis supporting new regulations.
Following scrutiny of an impact assessment (IA) carried out prior to a regulatory proposal, 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 they proceed or not with the proposal.