Corporate report

SIA business impact target, 2020 to 2021

Reports on the economic impact of SIA regulation on business.

• From: Security Industry Authority
• Published: 20 December 2021

Documents

Summary of SIA's non-qualifying regulatory provisions, December 2020 to December 2021

PDF, 186 KB, 4 pages

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Details

The UK government sets a business impact target (BIT) for how much money it will save businesses. Regulators like the SIA must measure the economic impact on businesses of any changes to how they regulate, so that the government can see how much they contribute to meeting the BIT.

By law, we must:

• publish a list of new or amended regulatory activities
• measure the economic impact of those activities on business

We measure the impact by calculating a ‘BIT score’, using rules set by the Department for Business, Energy and Industrial Strategy. When we do, we separate our regulatory activities into 2 categories:

1. ‘Qualifying regulatory provisions’, which are considered when we calculate our BIT score.

2. ‘Non-qualifying regulatory provisions’, which are not considered.

The document above sets out the SIA’s non-qualifying regulatory provisions for December 2020 to December 2021.

There were no qualifying regulatory provisions during the reporting period.

Published 20 December 2021