BIS fifth statement of new regulation: regulations covering January to June 2013
Informs businesses and interested stakeholders of BIS domestic and EU measures that come into force between January and June 2013.
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Cutting red tape and improving our regulation and policies is a key priority for BIS. We aim where appropriate, for a light-touch regulatory environment, with less red tape and burdens on business, whilst protecting the public, consumers and employees.
Forthcoming BIS Regulation
The BIS fifth statement of new regulation shows how BIS is removing burdens on business. This is why the domestic regulations coming info force during the period of this statement either reduce costs or place minimal costs on business. The sum total of BIS deregulation over this period is expected to reduce the annual cost to business by around 拢24.96 million.
This demonstrates that regulation is being used as a last resort in the department. Under the 鈥極ne In, Two Out鈥� rule, BIS is in a healthy position, currently in credit. EU legislation is usually out of scope for 鈥極ne In, Two Out鈥�, however for greater transparency the measures are now listed in the statement.