Statutory guidance

The Economic Growth (Regulatory Functions) (Amendment) Order 2024

This statutory instrument brings the regulatory functions exercised by Ofcom, Ofgem and Ofwat within the scope of the Growth Duty by amending the Economic Growth (Regulatory Functions) Order 2017 (S.I. 2017/267) (“the 2017 Order”).

• From: Department for Business and Trade
• Published: 6 March 2024

Documents

Statutory Instrument

PDF, 160 KB, 3 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital@businessandtrade.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Explanatory Memorandum

PDF, 69.8 KB, 5 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital@businessandtrade.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The Growth Duty applies to over 50 different regulators but does not currently apply to Ofgem, Ofwat and Ofcom (responsible for the regulation of the energy, water, and telecoms sectors respectively).

This statutory instrument (SI) will bring these 3 regulators within scope of the Growth Duty will help ensure they consider how best to promote growth in their sectors as they carry out their core functions, support businesses and provide the vital investment needed to ensure a quality service to current and future consumers.

• Laid on: 06 March 2024

Published 6 March 2024