Regulatory policy

Supporting regulatory reform in Malaysia

 

 

“We are fortunate to have OECD as our strategic partner to assist us in this journey towards the implementation of good regulatory practices in our country. I would also like to urge all ministries and agencies to leverage on OECD expertise in providing advisory services and assistance”.

Tan Sri Dr Ali Bin Hamsa, Chief Secretary to the Government of Malaysiaat launch of the National Policy on the Development and Formulation of Regulations, 14 July, Putra Jaya, Malaysia

 

Reforming Malaysia’s regulatory regime is necessary to support the country’s aspirations to become a high-income and progressive nation whose economy is competitive through private-sector driven and people-centered growth by 2020.

 

As part of these reforms, the government launched a National Policy for the Development and Implementation of Regulation (NPDIR) on 17 July 2013. This Policy introduces the use of regulatory impact analysis in decision making in order to enhance the transparency and credibility of regulatory actions.

 

The OECD is supporting the government of Malaysia

  • to create awareness and educate key stakeholders as well as ministries, departments and agencies on regulatory transparency in the policy-making process;
  • to operationalise regulatory impact analysis (RIA) – introduced in the NPDIR “regulatory process management requirements” – through the development of systems, procedures and processes;
  • to provide capacity building and hands-on training for Regulatory Impact Statement (RIS) evaluators and Regulatory Co‑ordinators appointed in each regulator;
  • to advise ministries, departments and agencies in conducting regulatory impact analysis and preparing a regulatory impact statement for select regulatory proposals;
  • to initiate and develop other good regulatory practices in Malaysia, including forward regulatory plans and guidelines on public consultation in regulatory processes.

 

Malaysia also participates in the OECD Regulatory Policy Committee and the Network of Economic Regulators.

 

Related events

11 June 2014 Discussion with Malaysia’s Secretary Generals of Government on good regulatory practices, Kuala Lumpur, Malaysia (event)
14-20 May 2014 Capacity building workshops on regulatory impact analysis, Kuala Lumpur, Malaysia (event)
16 May 2014 Dialogue with Malaysian industry on Improving the Business Climate through Good Regulatory Practices, Kuala Lumpur, Malaysia (event)
26 Feb – 4 Mar 2014 Capacity building workshops on regulatory impact analysis, Kuala Lumpur, Malaysia (event)
16-24 Dec2013 Capacity building workshops on regulatory impact analysis, Kuala Lumpur, Malaysia (event)
1-4 Oct 2013 Capacity building workshops on regulatory impact analysis, Kuala Lumpur, Malaysia (event)

 

For more information, please contact Faisal Naru and James Sheppard.

 

Read more about

» Regulatory reform in Southeast Asia

» Regulatory policy and governance

 

Other OECD economic publications on Malaysia

» OECD Investment Policy Reviews: Malaysia 2013