15 Duty to report on effect of regulators' code
Enterprise Act 2016 (2016 c 12) | Legislation

Reporting requirements

15  Duty to report on effect of regulators' code

After section 23 of the Legislative and Regulatory Reform Act 2006 insert—

“23A Code of practice: performance reports and information requirements

(1)     A relevant regulator must prepare and publish a performance report in respect of each reporting period.

(2)     A performance report is a report about the effect of performance of the duties in section 22 (duties to have regard to code of practice) on the way the relevant regulator exercised its relevant functions.

(3)     A relevant regulator is a person with regulatory functions to which section 22 applies, other than a local authority.

(4)     A performance report must include—

(a)     the relevant regulator's assessment—

(i)     of the views of persons carrying on businesses about the effect mentioned in subsection (2), and

(ii)     of the impact on such persons of that effect;

(b)     a description of the effect the relevant regulator expects performance

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