Better Regulation at BIS
Cutting red tape and improving our regulation & 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, while protecting the public, consumers and employees.
Forthcoming BIS Regulation
The Government wants to make the UK the best place in Europe to start, finance and grow a business by cutting the costs and burden of regulation.
The second BIS Statement of New Regulation (PDF, 96 Kb) , which lists BIS measures in scope of ‘One In, One Out’ to come into force from July to December 2011 shows how BIS is removing burdens on business and that is why the regulation coming info force during the period of this statement either reduces costs or places no new costs on business.
This demonstrates show that regulation is being used as a last resort in the Department. There are encouraging signs; under the One In, One Out rule, BIS is in a healthy position, currently in credit of some £23 million.
Examples of deregulatory measures include:
- Three construction contract measures deregulating the existing regulatory framework to reduce the costs of adjudication and regulatory burdens to contractors and sub-contractors, saving £30 million to business.
- The Patents Act 1977 (Amendment) Regulations, making it easier to inspect patent files.
- Companies Act 2006 (Annual Returns) Regulations 2011 reduces the burden on companies when they update information on public record.
