Regulatory proposals are accompanied by an impact assessment (IA), which assesses and estimates the likely costs and benefits, as well as presenting the associated risks, of a regulatory proposal that has an impact on business, civil society organisations, the public sector or individuals. Following scrutiny of an IA 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 or not they should proceed with the proposal.
An opinion which includes significant concerns would result in the IA being red-rated as ‘not fit for purpose’. Where the RPC identifies significant concerns with an IA, but these concerns are addressed adequately by the department following a review notice, this is recorded on the relevant opinion. In some cases a further submission is required to resolve sufficiently the issues and concerns raised. However, if the relevant IA is published in advance of the concerns being resolved, the RPC will publish the red-rated opinion.
The opinions collated here relate to proposals taken forward, or consultations published, since May 2015.