Regulatory policy

Supporting regulatory reform in Malaysia

 

On 10 March 2015, the report Implementing Good Regulatory Practice in Malaysia was launched at the ASEAN-OECD Good Regulatory Practice Conference: Connectivity, Competitiveness and Regulatory Coherence: Institutional Connectivity to Support Regional Economic Integration.

 

The key highlights of the report show that:

 

  1. Malaysia has successfully gone through the start-up phase of implementing its regulatory policy, the National Policy for the Development and Implementation of Regulations - NPDIR (2013);

2. It has a policy, institutional structure, guidance and capacities built in a relatively short space of time;

3. These are sound foundations that should be built upon with the same, if not more, support and effort that initiated these reforms to exercise and implement the infrastructure that has been developed.

 

“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 Malaysia at 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 by 2020 whose economy is competitive through private-sector driven and people-centered growth. As a result, the government launched the 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 currently 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;
  • operationalise regulatory impact analysis (RIA) – introduced in the NPDIR as “regulatory process management requirements” – through the development of systems, procedures and processes;
  • provide capacity building and hands-on training for Regulatory Impact Statement (RIS) evaluators and Regulatory Co‑ordinators appointed in each regulator;
  • advise ministries, departments and agencies in conducting regulatory impact analysis and preparing a regulatory impact statement for select regulatory proposals;
  • 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

12 March 2015 First official meeting of the ASEAN-OECD Good Regulatory Practices Network, Kuala Lumpur, Malaysia (event)
10-11 March 2015 ASEAN-OECD Good Regulatory Practice Conference: Connectivity, Competitiveness and Regulatory Coherence: Institutional Connectivity to Support Regional Economic Integration, Kuala Lumpur, Malaysia (event)
9 March 2015 Meeting of ASEAN-OECD Centres of Government: Driving Government Transformation through Good Regulatory Practice, Kuala Lumpur, Malaysia (event)
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, Senior Economic Advisor
OECD Regulatory Policy Division,
 

Read more about

» Regulatory reform in Southeast Asia

» Regulatory policy and governance

 

Other OECD economic publications on Malaysia

» OECD Investment Policy Reviews: Malaysia 2013

 

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