Regulatory Policy and Governance
Regulations are one of the key levers alongside fiscal and monetary interventions, by which governments act to promote economic prosperity, enhance welfare and pursue public interest. Governments must be actively engaged in assuring the quality of regulation, not reactively responding to market failures.
What is the Regulatory Policy Committee (RPC)?
The (RPC) was created by the OECD Council on 22 October 2009 to assist member and non-member countries in building and strengthening their regulatory policy of reform efforts. The RPC has – a number of delegates designated annually to serve as officers who represent the Committee – who provide detailed direction to the OECD Secretariat on issues of management and planning of the programme of work.
What does the Regulatory Policy Division do?
The Regulatory Policy Division is part of the OECD Public Governance and Territorial Development Directorate (GOV). It serves as the Secretariat of the RPC and carries out its programme of work. The Division aims at building policy support for the implementation of good regulatory practices within governments. Its work covers amongst others the following areas:
Regulatory Policy and Policy Principles
Regulatory policy concerns how governments intervene in the economy through laws and other instruments in pursuit of social, economic and environmental objectives. The emphasis of the Regulatory Policy Division is on ensuring and promoting regulatory quality – combining both good regulation where needed to enhance the functioning of markets or to protect health, safety, or the environment, with reforms when appropriate, to encourage open competition, entrepreneurship and innovation.
The now sets the current thinking of how to effectively implement regulatory policy in countries, based on the experiences of the Regulatory Policy Committee (RPC). The 2012 Recommendation is the most detailed set of guidelines or principles that the OECD has developed in the field of regulatory policy.
Further information on regulatory policy