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Publication of the Government Response to the OECD report of International Regulatory Cooperation in the UK

02 September 2020

Proposing MP
Paul Scully Con
Sutton and Cheam
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
View on Parliament.uk -->
TAGS
Business Compliance Foreign Affairs

At a Glance

Issue Summary

Paul Scully is publishing the Government Response to an OECD report on UK's international regulatory cooperation practices and launching a call for evidence.

Action Requested

The government is responding to 25 recommendations in the OECD report by setting out a programme of work to drive systematic focus on IRC across government and regulators. A call for evidence is being launched to gather input from regulators, standards bodies, and industry groups.

Key Facts

  • The OECD conducted a review into UK’s international regulatory cooperation practices in 2018.
  • The report identified no overarching strategic vision or systematic practices regarding IRC.
  • There are 25 recommendations across three broad categories to address this gap.
  • A call for evidence is being launched to understand priorities and how the government can support greater IRC.
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