Impact assessment

Offshore Petroleum Regulator for Environment and Decommissioning (OPRED): Business Impact Target

OPRED report on regulatory provisions against the Business Impact Target (BIT).

From:
Department for Energy Security and Net Zero, Offshore Petroleum Regulator for Environment and Decommissioning and Department for Business, Energy & Industrial Strategy
Published
27 July 2017
Last updated
21 December 2022 鈥� See all updates
This was published under the 2016 to 2019 May Conservative government

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Details

As a regulator of the Offshore Oil and Gas industry, the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) is required to publish an assessment of the economic impact on business of changes to regulatory policies and practices which are in scope of the Business Impact Target (BIT).

OPRED is required to publish:-

  • BIT assessments for qualifying regulatory provisions (QRPs) along with the BIT score.
  • A summary of non-qualifying regulatory provisions (NQRPs), that fall within the administrative exclusions set out in the .

An independent verification body, the Regulatory Policy Committee (RPC) has been appointed to validate the estimates of the economic impact on business for the QRPs.

OPRED QRPs

Information regarding any applicable OPRED QRPs will be published together with other BEIS departmental measures (as appropriate).

OPRED NQRPs

See attachments above.

Updates to this page

Published 27 July 2017
Last updated 21 December 2022 show all updates

  1. NQRP Summary - Dec 21 to Dec 22 has been uploaded.

  2. NQRP summary - Dec 20 to Dec 21 added.

  3. NQRP Summary - Dec 19 to Dec 20 published

  4. NQRP Summary - Jun to Dec 2019 added.

  5. NQRP Summary - Jun 18 to Jun 19 added

  6. New document attached.

  7. First published.

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