Public Consultation on Professional Bodies
under the Competition Act 2010 (CA 2010)
Good Regulatory
Practices (GRP) with
Regulatory
Impact Analysis (RIA)
PNS Tower, Bangsar South City
Kuala Lumpur
19 May 2014
Outline
• Modernising business regulation – An Overview
• RIA requirement;
• Rationale underlying RIA;
• RIA elements; and
• Role of Institutions
2
Major national initiatives to modernise
business regulation in Malaysia
PEMUDAH
Modernising
Business
Regulation
announced
Collaboration
with OECD
2007
2011
2012
NPDIR
announced
2013
2014
MPC review
agenda
evolving - RURB
MPC review of
licencing
Collaboration
with AGPC
MPC review
agenda evolving restriction
3
MPC is responsible for the modernising
business regulation initiatives
MPC to spearhead a comprehensive review of business
regulations and improve processes and procedures to
increase productivity and competitiveness of major
economic sectors (Chapter 3; pages 73-74)
MPC will provide support to NKEAs by reviewing and
recommending changes to existing regulations and
policy with a view to remove unnecessary rules and
compliance costs and improve the speed and ease of
delivery (Executive Summary; page 25)
4
Latest Initiative in Modernising Business Regulation…
Announcement of
National Policy on
the Development and
Implementation of
Regulations by Chief
Secretary to the
Government of
Malaysia, July 2013
5
RIA requirement: Enforced from Jan 2014
6
RIA requirement - OECD
Source: www.oecd.org/regreform/regulatory-policy/ria.htm
7
Rationale underlying regulatory impact analysis
• Rational risk management
• Reducing unnecessary regulatory burdens
& restrictions
• Productivity agenda
8
RIA Elements
1. Problem that give rise to the need for action
2. Objective(s) the intent of the proposed regulatory action
3. Options the range of regulatory and non-regulatory options
4. Impact analysis cost and benefit analysis
5. Consultation transparency and ensure full range of impacts is taken
into account
6. Conclusion and recommended option identifying the
preferred option based on the impact analysis
7. Implementation and review execution plan for a regulatory
action and outline how the regulation will be reviewed
9
Role of Institutions
REGULATORENFORCE
(implementing)
NDPC
PEMUDAH
(gate keeping)
(advocacy)
REGULATORDESIGN
(developing)
AGC
INTAN
(training)
(drafting & legal
advice)
MPC
(facilitator)
10
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Malaysia Productivity
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www.mpc.gov.my
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