Impact assessment

Ofqual's approach to the Growth Duty

This document sets out our approach to the Growth Duty.

Documents

Ofqual's approach to Growth Duty

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Details

In March 2017 the Growth Duty (set out in section 108 of the Deregulation Act 2015) came into force for a number of UK regulators, including Ofqual. The Growth Duty requires us to:

  • have regard to the desirability of promoting economic growth when exercising our regulatory functions
  • as part of this, consider the importance for the promotion of economic growth of exercising regulatory functions in a way which ensures action is only taken when it is needed, and that any action taken is proportionate
Published 19 July 2018