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The Regulators’ Code came into statutory effect on 6 April 2014 under the Legislative and Regulatory Reform Act 2006 to replace the Regulators’ Compliance Code.
The Regulators’ Code provides a framework for regulators like the MMO to design their delivery and enforcement policies in a way that suits the requirements of those that are being regulated. By engaging with those they regulate in a transparent and effective way, regulators can help reduce regulatory burden and support compliant business growth.