A Regulatory Impact Assessment (RIA) provides insights in the impact of newly proposed (or changing) legislation on citizens and businesses. These impacts can be positive or negative. Examples are the need for new investments, significant market effects/impacts, or other socio-economic and societal effects. An understanding of the effects of proposed legislation is crucial if you want to improve legislation and government processes.
A practical approach
We have conducted many Regulatory Impact Assessments for a large number of clients. In the course of these assessments we put a variety of different policy-analysis methodologies into practice. With our pragmatic approach, we define which methodology is most suited for the RIA on an individual basis. This added layer of reflection helps prevent the RIA becoming a goal itself. By using the latest academically proven methodologies and techniques we ensure that the results are transparent, reproducible and directly lead to better regulation
Changes in legislation and regulations not only affect the primary target, but often also affect other parties down a chain. For this reason, we involve all relevant stakeholders when determining the effects of (changes in) policy and regulations. By conducting interviews, workshops and extensive stakeholder consultation, we determine, describe and analyse the effects of regulatory changes. By deploying established measurement methodologies and engaging in continuous consultation with stakeholders, we can guarantee that the results of the RIA are recognised by all parties as valid. This creates a broad base of support for the project findings and provides a solid base for decision making.