The business impact target (BIT) is a cross-government target for the reduction of regulation on business.
Under the BIT, MHRA assesses the financial impacts on business of qualifying regulatory provisions (QRPs). QRPs are changes to regulatory practices that are described in a written ministerial statement. We assess the impacts of these changes through BIT assessments.
Any measure that falls within the +/-£5 million de minimis threshold will be out of scope of the BIT, and written up in the Non-Qualifying Regulatory provision (NQRP) summary template.
Between 8 June 2017 and 20 June 2018, there were no measures that came into force above the +/-£5m de minimis threshold; summaries of the MHRA’s NQRPs are available above.
For the period 27 May 2016 to 8 June 2017, summaries of the MHRA’s QRPs (inc. the Regulatory Policy Committee (RPC) (RPC) validation), which were above the previous +/-£50k de minimis threshold and NQRPs, are also available.