Significance criteria for determining which regulatory proposals require assessment by the Regulatory Impact Analysis Team
The Treasury's Regulatory Impact Analysis Team (RIAT) will assess the adequacy of those regulatory proposals with "significant potential impact on economic growth". The RIAT may assess a RIS to be inadequate if it fails to meet the adequacy criteria. Departments will need to take responsibility for their own RIS and ensure they meet the adequacy criteria for other regulatory proposals.
To determine whether proposals should be reviewed by the RIAT, departments must apply the following tests in consultation with the RIAT:
When a proposal meets the test of having a significant impact on economic growth, the RIAT must be allowed reasonable time (a minimum of two weeks, unless there are compelling and unavoidable reasons for it to be less) to comment on discussion documents and to review a RIS. To facilitate this, departments should begin discussing with the RIAT the regulatory impact analysis that will form the basis of the Cabinet paper and of the RIS at least 20 working days before finalising the paper.
