Business Impact Target
Under the Enterprise Act 2016 the SGSA and all other statutory regulators have a duty to report against the Government’s Business Impact Target (BIT), a cross-government target in respect of the economic impact of regulation on business.
We are required to assess and report on all regulatory provisions that have come into force, ceased to be in force or have changed during a BIT Annual Reporting Period.
In the BIT Annual Reporting Period 9 June 2017 to 20 June 2018 the SGSA had no qualifying regulatory provisions (QRPs) and therefore no assessments under the BIT were made. The SGSA does have non-qualifying regulatory provisions (NQRPs) and we have published a summary of these here.