Can you use regulation to promote a better relationship between regulators and business? Judging from a recent experience in the Midlands (UK) conducted in connection with the Better Regulation Delivery Office , a consensual approach, based on discussion and agreeing on principles enshrined in a "regulatory charter", may seem preferable. The Charter called ‘Better Business for All, ’ developed after consultation with business, features the following key elements:
- Businesses to have a single point of contact for local regulation via a web portal that has been developed and branded ‘Talk to Reg’ (due for launch in September)
- Regulators to tailor advice and approach to match the business lifecycle – i.e. start-up, growth stage and mature
- Regulation made simple – a straightforward explanation of the ‘who, why and what’ of regulation
The Charter, which is available in full from the Birmingham Chamber of Commerce website asks regulators to commit to be more open and to proactively support local businesses to grow. Firms can expect to experience less red tape and bureaucracy, quicker and easier access to information and a greater understanding of their problems. For more, see press article.
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