Guidance on undertaking cost-benefit and risk analysis of regulatory proposals to be incorporated into Regulation Impact Statements (RIS).
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Guidance on undertaking cost-benefit and risk analysis of regulatory proposals to be incorporated into Regulation Impact Statements (RIS).
How to use it
When you are drafting a Long Form RIS you will need to include a Cost Benefit Analysis (CBA).
If your regulation is designed to reduce the risk of physical or economic harm, your CBA should include a risk analysis detailing how the regulation will change the likelihood, frequency or consequences of an adverse event occurring.
Resources to download