BIT assessments. contribute towards the Department for Environment, Food & Rural Affairs (Defra) target of £470 million savings to business this parliament. The MMO also have a duty to publish new regulatory measures that are exempt from the enterprise act.
These are the first BIT assessments for new regulatory measures introduced by the MMO since May 2015. It also includes information on new regulatory measures that are exempt from the Enterprise Act. Both the qualifying and non-qualifying measures have been verified by the Regulatory Policy Committee.
The publication is a statutory obligation of the Small Business, Enterprise and Employment Act (SBEE) 2015.