Regulatory Impact Analysis

Encyclopedia : R : RE : REG : Regulatory Impact Analysis

In many countries, a Regulatory Impact Analysis (RIA) is a document created before voting a new regulation. Its role is to perform a detailed evaluation of the potential impacts of this new regulation and establish whether it would have the desired impact. For instance, it is useful to identify potential side effects or unforeseen extra costs associated with this new regulation. It also helps to clarify the cost of enforcement of the regulation. In general, a RIA is created by an independent team of experts hired by the regulation body.

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