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Regulation

Treasury written question – answered on 27th June 2012.

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Photo of Gordon Banks Gordon Banks Labour, Ochil and South Perthshire

To ask the Chancellor of the Exchequer what regulations his Department introduced between 1 February 2012 and 31 May 2012; and at what cost to the public purse.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

Statements of the Treasury's regulatory and deregulatory measures are published every six months on our website.

Between 1 February 2012 and 31 May 2012 the Treasury introduced the fourteen Statutory Instruments listed in the following table. The information required to estimate the cost of the introduction of these regulations to the public purse is not readily available and could be obtained only at disproportionate cost.

Since the one in one out system has been in operation the Treasury has saved business £26.46 million per annum in regulatory costs, within the scope of the policy.

SI number Name
2012/639 The Syria (European Union Financial Sanctions) (Amendment) Regulations 2012
2012/717 The Government Resources And Accounts Act 2000 (Estimates And Accounts) Order 2012
2012/725 The Budget Responsibility And National Audit Act 201.1 (Consequential Amendments) Order 2012
2012/727 The Budget Responsibility And National Audit Act 2011 (Appointed Day) Order 2012
2012/763 The Financial Services And Markets Act 2000 (Exemption) (Amendment) Order 2012
2012/782 The Pensions Increase (Review) Order 2012
2012/795 The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2012
2012/854 The Government Resources And Accounts Act 2000 (Audit Of Public Bodies) Order 2012
2012/916 The Financial Services (Omnibus 1 Directive) Regulations 2012
2012/917 The Capital Requirements (Amendment) Regulations 2012
2012/925 The Iran (European Union Financial Sanctions) Regulations 2012
2012/1301 The Guinea-Bissau (Asset-Freezing) Regulations 2012
2012/1302 The Burma/Myanmar (Financial Restrictions) (Suspension) Regulations 2012 .
2012/1386 The CRC Energy Efficiency Scheme (Allocation Of Allowances For Payment) Regulations 2012

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