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The business impact target was introduced under provisions of the Small Businesses, Enterprise and Employment Act 2015 as amended by the Enterprise Act 2016. It requires regulators to make a quantifiable assessment of changes to policies, procedures and processes that impact upon business and known as Qualifying Regulatory Provisions (QRP’s) that come into force, cease to be in force, or are changed during the BIT annual reporting period.
Regulatory are also required to report on Non-Qualifying Regulatory Provisions (NQRP’s), which are regulatory provisions, that is certain regulatory activities that are excluded from the scope of the business impact target.
The independent Regulatory Policy Committee has confirmed the non-qualifying regulatory provision assurance statement for the Fish Health Inspectorate for reporting year 2017-2018.