New code to ‘reduce red tape’

The Government has introduced a new code of conduct in a bid to cut the volume of red tape faced by small businesses.

The Regulators’ Compliance Code is designed to improve the way regulators work and thus save companies valuable time and money.

Under the new system regulators such as the Environment Agency and the Health and Safety Executive, are required to take a risk-based approach to inspection and enforcement.

The Government believes this will then reduce the overall number of inspections and minimise unnecessary form filing and information requests.

Commenting on the new code of practice, Business and Competitiveness Minister, Shriti Vadera, said: ‘The Compliance Code requires regulators to work better with business and ease the burdens placed on those who operate within the rules.

‘Regulators must take a light-touch approach to companies who comply with the law and target enforcement only at those who benefit by flouting it.’

The new rules also enable businesses to challenge regulators through Judicial Review if they do not comply with the Code.