P oecd best Practice Principles for Regulatory Policy The Governance of Regulators

THE GOVERNANCE OF REGULATORS © OECD 2014 Glossary

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• Charter orb bcode of consultation A document that lays out a regulator’s processes and policies for engaging in consultation with industry or the public. Competitive

117 THE GOVERNANCE OF REGULATORS © OECD 2014 Glossary Business regulator A government entity that is a statewide actor, which derives from primary or subordinate legislation one or more of the following powers in relation to businesses and occupations price-setting; market supervision inspection regulatory advice to a third party licensing accreditation and enforcement. Such a body mayor may not be involved in the design of regulations or standard-setting. Charter orb bcode of consultation A document that lays out a regulator’s processes and policies for engaging in consultation with industry or the public. Competitive neutrality Ensuring that state-owned and private businesses are able to compete on a level playing field. Economic regulators An institution or body that is authorised bylaw to exercise regulatory powers over the sector for the purpose of setting prices and/or improving the operation of the market so that consumers have access to secure services and service providers receive a reasonable rate of return. Regulators that deal only with health, safety, or environmental issues are not considered economic regulators. Download 1.83 Mb. Share with your friends: