B07 – Conducting a Regulatory Impact Assessment
Regulations and their implementation often result in considerable costs to the public service, to citizens and to businesses. It is important that these costs are taken into account. Regulatory Impact Assessment (RIA) is a tool to assess the likely effects of a proposed new regulation and involves a detailed analysis to:
(i) ascertain whether or not the new regulation would have the desired impact and
(ii) to identify the costs and benefits associated with the regulation.
Regulatory Impact Analysis (RIA) is used by all Government Departments and Offices and applies to:
(i) proposals for primary legislation involving changes to the regulatory framework
(ii) significant Statutory Instruments
(iii) proposals for EU Directives and significant EU Regulations when they are published by the European Commission
(iv) Policy Review Groups bringing forward proposals for legislation are also expected to carry out RIAs Departments have responsibility for conducting and preparing RIAs, which is comprehensively addressed in the RIA Guidance Manual, which can be found at: Revised_RIA_Guidelines_June_2009
In addition, the CEEU in the Department of Public Expenditure and Reform is available to advise on some of the more analytical components of RIA, for example in the identification and measurement of costs, benefits and impacts. Requests for advice should be circulated via the relevant Vote Section in the Department of Public Expenditure and Reform.