All Regulatory Impact Statements (RIS) must be independently quality assured against the Quality Assurance criteria set out on the Treasury website.
Cabinet’s Impact Analysis Requirements as detailed in CO (20) 2 directs that “ The Quality Assurance criteria are the same regardless of who carries out the Quality Assurance.”
These criteria are as follows:
- Is all the necessary information in the Regulatory Impact Statement, as set out in the relevant template?
- Is the analysis accurate, robust and balanced?
- Are the analysis and conclusions supported by the analytical framework, and a commensurate assessment of costs and benefits and supporting evidence?
- Do assumptions make sense?
- Does the Regulatory Impact Statement show evidence of efficient and effective consultation with stakeholders, key affected parties and relevant experts?
- Does it show how any issues raised have been addressed or dealt with?
Clear and concise
- Is the material communicated in plain English?
- Is the Regulatory Impact Statement of an appropriate length?