Business Impact Target
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 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.
You can find more background on the BIT here.
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. More detail can be found here.
A summary of the FRC’s Non-qualifying Regulatory Provisions for 09 June 2017 – 20 June 2018 can be found here (PDF)
A list of the FRC’s Qualifying Regulatory Provisions for 27 May 2015 – 3 May 2017 can be found here (PDF)
A summary of the FRC’s Non-qualifying Regulatory Provisions for 27 May 2015 – 3 May 2017 can be found here (PDF)