Regulatory impact statement guidance
last updated July 2010
An explanatory note to a Bill will normally require reference to a regulatory impact statement (RIS). The RIS is prepared by the department. Requirements for the RIS are given in
- Cabinet Office Circular CO (09) 8
- the Regulatory Impact Analysis section of the Treasury website
- the CabGuide
and any other guidance issued from time to time by the Treasury or the PCO. See also the Guide to Working with the PCO for more on explanatory notes.
Form and location of RIS statements in Bills
The Treasury has requested changes to the form and location of RIS statements in Bills. The changes that have been agreed with the PCO are incorporated in the suggested new statement below:
Regulatory impact statement
The [name of agency or agencies] produced a regulatory impact statement on [date] to help inform the main policy decisions taken by the Government relating to the contents of this Bill.
A copy of this regulatory impact statement can be found at:
- set out the departmental webpage with a URL link to the RIS
- set out the Treasury webpage with a URL link to the RIS
For those situations where more than one RIS is produced, at different stages of the policy process, the first sentence could be amended and supplemented along the lines of:
The [name of agency or agencies] produced regulatory impact statements on [date 1 and date 2 (and date 3, etc)] to help inform the main policy decisions taken by the Government relating to the contents of this Bill.
These statements will now be located after the general policy statement instead of after the clause by clause analysis.
Departments to supply 40 printed copies of the RIS to the Bills Office
Hard copies of RISs should now accompany all Government Bills delivered to the Bills Office (not just Bills introduced under urgency as before).
The new procedure agreed to by the Treasury is that departments print 40 hard copies of the relevant RIS(s) and deliver them to the Bills Office within half a working day after the date on which the PCO orders the printing of introduction copies of the Bill. The Bills Office will then associate the hard copies with the introduction copies of the Bill.