Select Committee on Constitution Sixth Report

APPENDIX 5: The Regulatory Framework


(a) reflecting the devolution of responsibility for setting certain public good standards, such as reliability and security of supply, to the sectoral 'economic regulators' (accompanied where relevant by ministerial 'guidance').

(b) reflecting inter-regulatory dialogue, the requirements of the BRTF good regulation principles, and cost-benefit tests when setting standards.

(c) reflecting the impact of 'social action' plans required of economic regulators by government by way of ministerial 'guidance'.

* sectoral economic regulators of water, energy, transport and communications, such as Ofwat, Ofcom, Ofgem, CAA, ORR and SRA; national competition authorities, such as the Office of Fair Trading (OFT) and the Competition Commission; other prudential and market regulators, such as the Financial Services Authority (FSA) and the Occupational Pensions Regulatory Authority (Opra).

** delivery of consumer policy involves (and will be influenced by) bodies such as the National Consumer Council (a public body), the Consumers' Association (CA) and the National Association of Citizens Advice Bureaux (NACAB), and sectoral bodies such as Energywatch and WaterVoice. Internationally, for example, there is the European Consumers' Organisation (BEUC).

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