The ninth meeting of the Regulatory Policy Committee took place on 12-13 November 2013 at the OECD headquarters. Delegates from the OECD participated as well as from Colombia, Egypt, Indonesia, Malaysia, Morocco, Russia, South Africa, Thailand, Tunisia, and Viet Nam. Key topics for discussion covered:
- OECD Best Practice Principles for the Governance of Regulators and OECD Best Practice Principles on Regulatory Enforcement and Inspections. Both Best Practice Principles were put out for public consultation between June and August 2013 and were revised in accordance with the positive comments received from governments, regulators, academia and international associations. These will be published in January 2014 and accessible for free on iLibrary and on the OECD Regulatory Policy website (www.oecd.org/gov/regulatory-policy/).
- Regulatory Policy and Behavioural Economics. Presentations were given on the relevance and application of behavioural economics by governments in relation to regulatory policy. Great interest was expressed in developing this new topic in the 2015-16 Programme of Work and Budget. The report presented for discussion at the RPC meeting will be published in January 2014 and will be accessible free of charge on iLibrary and on the OECD Regulatory Policy website (www.oecd.org/gov/regulatory-policy/).
- International Regulatory Co-operation (IRC). Delegates were informed of the progress made in developing the work on international regulatory co-operation. The next Roundtable of the RPC (14 April 2014) will focus on “Global rules in support of global prosperity” to explore the potential of IRC to promote inclusive growth. A conference with officials from international Organisations will take place on 16 April 2014 at the OECD Headquarters. The theme will be “The role of international Organisations and international regulatory co-operation”. Prior to this conference, a technical workshop on IRC will bring together trade and regulatory policy communities on 11 February 2014.
- Network of Economic Regulators (NER). On 20 September 2013, the Executive Committee formally approved the creation of the Network of Economic Regulators (NER) as an official subsidiary body of the Regulatory Policy Committee. The inaugural meeting of the NER on 14 November at the OECD HQ Paris was attended by over 70 delegates from 31 OECD member and non-member countries including Albania, Columbia, Malaysia, South Africa, Russia, United Arab Emirates and Vietnam. The debate and discussions were rich and relevant during a time when regulators are coming under increasing public and political pressure to maintain trust in the regulatory system.
- Measuring Regulatory Performance. The RPC is developing a draft report Guidance on Measuring and Reducing Compliance Costs in order to support countries’ effort to maximise the benefits of regulation while reducing the burden of these interventions. The draft report was reviewed by a Project Group of delegates from Austria, EU, Germany, Netherlands, Norway, Mexico & UK on November 14. The finalised Guidance is expected to be discussed for declassification by the RPC in April 2014. There are already some indications that countries are eager to use this best practice within their own domestic policy settings. The publication will be accessible free of charge on iLibrary and on the OECD Regulatory Policy website (www.oecd.org/gov/regulatory-policy/).
The 10th session of the RPC will take place 14-15 April 2014 at the OECD Headquarters, Paris.
For further information, please contact Nick Malyshev.