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WorksheetsBRE-RPC 2 Truths, 1 Lie
Total questions: 10
Worksheet time: 3mins
Which one of the following statements about the RPC is not true?
The Regulatory Policy Committee scrutinises Impact Assessments and provides opinions on the quality of analysis and evidence.
When the Regulatory Policy Committee give an opinion, they can do so using a red, amber, green rating.
The Regulatory Policy Committee is responsible for verifying the economic impact on business of measures in scope of the BIT.
BRE promotes transparent and effective regulation via Good Regulatory Practice Chapters in Free Trade Agreements.
Which one of the following statements about our trade work is not true?
GRPC chapters have been agreed with the EU, Japan and Australia
GRPC chapters are currently being negotiated with India and the six countries that form the Gulf Cooperation Council.
GRPC chapters embrace and encourage divergence between the different approaches of sovereign nations.
The ORP is one of our digital projects.
Which one of the following statements is not true?
The Open Regulation Platform aims to make all regulation machine-readable
The Open Regulation Platform is a service that will make all regulatory Impact Assessments available to the public
The Open Regulation Platform will create an open-access API to create a new market for bespoke regulatory tools
Which one of the following statements about the RHC is not true?
The Regulatory Horizons Council only conducts deep-dives to help identify opportunities for deregulation
The Regulatory Horizons Council’s first tranche of deep-dives included reports on fusion energy, medical devices, genetic technology and drones.
The members of the Regulatory Horizons Council are independent experts from business and academia
Which one of the following statements about alternatives to regulation is not true?
Alternatives to regulation are often more flexible and responsive; quicker to implement; likely to generate greater stakeholder buy-in; and reduce burdens on business
Examples of alternatives include self-regulation by a sector, information and guidance and co-regulation.
Alternatives work best when backed-up by legislation
Which one of the following statements about the freeports is not true?
The Freeports Regulation Engagement Network (FREN) has a dedicated fund to support new technologies being developed in the freeports.
Freeports are secure customs zones located at ports of entry where different customs rules apply. Eight English freeports were announced at the March 2021 Budget.
The FREN brings together regulators, businesses and government and could help establish the creation of new regulatory sandboxes to promote the development of new technologies
Which one of the following statements about economic regulation is not true?
All economic regulators have the same duties, powers and responsibilities
BRE is conducting a review of the duties of Ofgem, Ofwat and Ofcom, as well as the price control methodology, regulatory appeals and consumer outcomes
The UK Regulators Network (UKRN) is formed of the economic regulators, and some of the larger non-economic regulators
Which one of the following statements about the framework is not true?
The Small Business, Enterprise and Employment Act 2015 provides the legal underpinning of the Better Regulation Framework
The Framework has a de minimis threshold whereby regulation with impacts under a certain amount is exempt. This level is currently set at £2m per annum
The Business Impact Target is based on a metric that captures only the direct costs to business, known as the EANDCB
Which one of the following statements about the RPF (Regulators’ Pioneer Fund) is not true?
The RPF supports regulators to adopt new and experimental approaches which seek to remove barriers to innovation
RPF1 invested £10m, RPF2 £3.7m and RPF3 will have a further £7m
The RPF is only open to regulators to apply
Which one of the following statements about our international work is not true?
Our membership of the OECD’s Regulatory Policy Committee enables us to collaborate with other member countries to promote and share a range of UK better regulation initiatives
The Agile Nations network helps innovators to scale their work across markets. The UK is a founding member alongside Canada, Denmark, Italy, Singapore, Japan, UAE.
The OECD have awarded the UK a top-5 rank among member countries for our regulatory approach. The Government is committed to being No1 by the end of this Parliament.
