Regulatory policy

The Governance of Regulators

 

Best Practice Principles: The Governance of Regulators

As one of the main actors in regulatory policy, regulators have an important and increasingly complex role in the delivery of regulatory regimes and regulations. The governance arrangements for regulators are a key factor in a regulator’s ability to operate effectively to achieve the social, environmental and economic outcomes it is responsible for.

 

The OECD Best Practice for Regulatory Policy: The Governance of Regulators detail the key principles for establishing and operating regulatory agencies. They also provide more detailed considerations that should be reflected upon to apply the principles to different cultural and political contexts. The seven governance principles for regulators are:

The 2012 Recommendation of the Council on Regulatory Policy and Governance recognises that an effective regulatory policy includes “a consistent policy covering the role of functions of regulatory agencies in order to provide greater confidence that regulatory decisions are made on an objective, impartial and consistent basis, without conflict of interest, bias or improper influence.”

 

The OECD Best Practice Principles for Regulatory Policy: The Governance of Regulators have an informal status of guidance approved by the Regulatory Policy Committee and OECD Network of Economic Regulators. They can be used by member and non-member countries to guide their reforms. The Principles will also be used by the Secretariat when reviewing regulatory policies in member and non-member countries as a set of evaluation criteria.

The Governance of Regulators

KEY PUBLICATIONS

  • OECD Best Practice Principles for Regulatory Policy: The Governance of Regulators (2014) - English / French
  • OECD Best Practice Principles for Regulatory Policy: Regulatory Enforcement and Inspections (2014) - English / French
  • Governance of Regulators' Practices: Accountability, Transparency and Co-ordination (2016) - English
  • Governance of Regulators' Practices: Accountability, Transparency and Co-ordination - Case Studies for Mexico (2017) - English
  • The Role of Economic Regulators in the Governance of Infrastructure (2017) - English 
  • Creating a Culture of Independence, Practical Guidance against Undue Influence (2017) English /  French / Spanish
  • Creating a Culture of Independence, Practical Guidance against Undue Influence (2017) (Brochure) English / French / Spanish
  • Being an Independent Regulator (2016) - English
  • Ireland's Commission for Regulation of Utilities (2018) - English 
  • Flyer and the seven governance principles

 

COUNTRIES AND REGULATORS BUILDING ON THE PRINCIPLES 

 

CONTACT

For further information, please contact Filippo Cavassini.

 

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» Regulatory policy and governance

 

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