12
The Department views its role as supporting coordination and dissemination of best practice across the...
Conclusion
The Department views its role as supporting coordination and dissemination of best practice across the regulatory system. However, it told us it is the responsibility of individual sponsoring departments to provide appropriate governance of regulatory bodies, including oversight of value for money.23 It also confirmed that government has a role to play in setting the strategic and legislative frameworks that enable regulators to do their jobs effectively.24 23 Q 71 24 Q 87 12 Principles of effective regulation 2 Understanding the costs and benefits of regulation Measuring regulatory costs and benefits
Government Response
Not Addressed
Government Response
Not Addressed
HM Government
Not Addressed
The government agrees with the Committee’s recommendation. Target implementation date: Winter 2021 1.2 Bodies such as the Medicines and Healthcare products Regulatory Agency, Health and Safety Executive and Office for Product Safety and Standards demonstrated the importance of an agile and cooperative approach to respond to the COVID-19 pandemic, and the Department for Business, Energy and Industrial Strategy (BEIS or the department) has already worked with them to learn about their experiences. This will be further built upon at a meeting of the Regulators’ Forum to be arranged in early 2022. 23 1.3 Alongside ongoing engagement with regulators, Ministers have held a number of roundtables with regulators to share best practice from the COVID-19 pandemic response. This learning will also be embedded into the government’s current reform of the regulatory framework: the current consultation considers the role of regulators and how agile regulation can best be supported.
Source
Committee
Public Accounts Committee
Report
Sixteenth Report - Principles of effective regulation
15 Sep 2021
HC 176
Addressee Bodies
HM Treasury
Timeline
Recommendation age
4.7 yrs
Report published
15 Sep 2021