Independent report
Closing the gap: getting from principles to practice for innovation friendly regulation
A report from the Regulatory Horizons Council on closing the gap between principles and practices for innovation friendly regulation.
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This report makes recommendations on how the UK can further support innovation through regulation. It focuses on 6 focal points:
- Regulation should adopt a proportionate approach to benefits and risks
- Regulation and innovation should embrace ethics and public engagement
- Regulation should take account of commercial considerations and the need to attract investment
- Regulatory design and implementation should consider alternative forms of regulation
- Regulation needs to get the timing right
- Regulators should foster a culture of openness and a growth mindset
The Regulatory Horizons Council (RHC) is an independent expert committee that identifies the implications of technological innovation, and provides government with impartial, expert advice on the regulatory reform required to support its rapid and safe introduction.