OECD Regulatory Compliance Cost Assessment Guidance.

Description

Governments across the OECD and beyond are increasingly concerned with controlling and reducing regulatory costs in order to create a more favourable business environment, thereby improve the conditions for inclusive growth. They must work to systematically adopt better regulatory choices, ensuring that the most cost-effective and efficient options are chosen in all areas of regulation. A key component of regulatory costs are the costs associated with regulatory compliance. This guidance document provides a practical, technical and user-friendly guidance on measuring and reducing compliance co.  Read more... Foreword Table of contents Introduction A taxonomy of regulatory costs Overview Conclusion Notes Categories of substantive compliance cost Process for completing a compliance cost assessment Preliminary assessment of regulatory scope Identify data sources and strategies to be used Select appropriate methodological approaches to cost estimation Process analysis Develop an appropriate base case Calculate estimates of each type of compliance cost Conduct sensitivity analysis if required Review estimates, identify cost drivers, consider need/potential to revise proposal. Present the resultsPublish the results of compliance cost assessment Conduct ex post validation Notes Annex A. Additional guidance on selected topics Cost attribution Top-down vs. bottom-up approaches Estimating compliance costs borne by citizens Ex ante vs. ex post compliance cost assessments Checklists of potential regulatory compliance activities Summary of methodological approaches for valuing compliance costs Conducting sensitivity analysis Notes Bibliography.