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

THE GOVERNANCE OF REGULATORS © OECD 2014 Service

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• Statement of Expectations
• Sunset clause

119 THE GOVERNANCE OF REGULATORS © OECD 2014 Service agreement An agreement that defines the nature, quantity and standard of services a ministry provides an independent regulator, within a specified budget, where staff supporting the regulator report to ministerial management. Statement of Expectations A formal and public statement made by a responsible minister to a regulator outlining relevant government policies, regulatory objectives and government’s expectations of how the regulator should conduct its operations. Statement of Intent A formal statement by the regulator, in its corporate plan or similar document, outlining its intent to meet the expectations of its responsible minister. The Statement of Intent is made in response to the Statement of Expectations (above. Sunset clause A provision within legislation (or regulation) that provides that the law, or parts of it, shall cease to have effect after a specific date, unless further legislative action is taken to extend the law. Download 1.83 Mb. Share with your friends: