Corporate report

Business Impact Target 2017 to 2018: Ofqual

Information that Ofqual is publishing to meet the requirements of the Business Impact Target

• From: Ofqual
• Published: 4 July 2018
• Last updated: 14 September 2018 — See all updates

Applies to England

Documents

Business Impact Target Non Qualifying Regulatory Provisions summary 2017-2018

Ref: Ofqual/18/6424

PDF, 357 KB, 5 pages

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Details

The Small Business, Enterprise and Employment (SBEE) Act 2015, as amended by the Enterprise Act 2016, brought Ofqual and other statutory regulators into the scope of the government’s Business Impact Target (BIT).

The government’s policy objectives for the BIT are to provide a wider focus for the reduction of regulatory burdens on business, to improve transparency around the impact of regulation and to provide greater incentives for regulators to deliver policies that better meet the needs of business.

Regulators are required to report on the period from 9 June 2017 to 20 June 2018. The government announced on 20 June details of BIT in the new Parliament, including the list of excluded activities. Activities that have an annual impact on business of less than ± £5 million are now reported as exclusions.

All of our activities fall within the BIT exclusions, and we are today publishing these in a summary of non qualifying regulatory provisions, as required by the SBEE. We do not have any qualifying regulatory provisions to report this year.

Published 4 July 2018
Last updated 14 September 2018 + show all updates

1. 14 September 2018

   Updated to include aggregated totals for investigation and audit activity, and the number of recognition application decisions in the 2017/18 financial year.

2. 4 July 2018

   First published.