As part of the Government's response to Rethinking Regulation: Report of the Taskforce on Reducing Regulatory Burdens on Business (the Banks Report), the Government announced an enhanced regulatory framework.
The Office of Best Practice Regulation (OBPR, formerly the Office of Regulation Review) has oversight of all regulatory tools, including the Business Cost Calculator (BCC), Regulatory Performance Indicators, Annual Regulatory Plans, and cost benefit analysis of major regulatory proposals.
For further information on these initiatives please contact the Office of Best Practice Regulation.