Business Impact Target

Published: 25 September 2023

1 minute read

Background

The Financial Reporting Council is subject to the Government’s Business Impact Target (BIT) following the provisions of the Small Bussiness, Enterprise and Employment Act 2015, as amended by the Enterprise Act 2016, which aims to:

  • reduce regulatory burdens on business and voluntary or community bodies;
  • ensure greater transparency around the impact of regulation on business; and,
  • provide greater incentives for regulators to design and deliver policies that better meet the needs of business.

Background on the BIT

Regulatory measures in scope of the Business Impact Target are as defined in the Small Business, Enterprise and Employment Act 2015 and include both legislation and the activities of Ministers and listed regulators.

Further details on the BIT

Summaries of the FRC’s Non-qualifying Regulatory Provisions

Summaries
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 17 December 2021 – 16 December 2022
Publication date 15 December 2022
Format PDF, 175.5 KB
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 17 December 2020 – 16 December 2021
Publication date 23 December 2021
Type Policy and responsibility
Format PDF, 1.3 MB
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 13 December 2019 – 16 December 2020
Publication date 24 March 2021
Format PDF, 165.3 KB
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 21 June 2018 – 20 June 2019
Publication date 4 July 2019
Format PDF, 159.4 KB
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 09 June 2017 – 20 June 2018
Publication date 4 July 2018
Type Report
Format PDF, 183.3 KB
Name Summary of the FRC’s Qualifying Regulatory Provisions for 27 May 2015 – 3 May 2017
Publication date 26 February 2017
Format PDF, 226.5 KB
Name Summary of the FRC’s Non-qualifying Regulatory Provisions for 27 May 2015– 3 May 2017
Publication date 28 May 2017
Type Report
Format PDF, 115.3 KB
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