Business Impact Target (BIT)

Business Impact Target (BIT)

As a statutory regulator, the North Sea Transition Authority is required to publish an assessment of the economic impact on business of changes to regulatory policies and practices which are in scope of the Business Impact Target (BIT).

The NSTA is required to publish:

  • BIT assessments for qualifying regulatory provisions (QRPs) along with the BIT score

  • a summary of non-qualifying regulatory provisions (NQRPs), that fall within the administrative exclusions set out in the written ministerial statement

An independent verification body, the Regulatory Policy Committee (RPC) has been appointed to validate the estimates of the economic impact on business for the QRPs and to confirm the status of measures that are NQRPs.

Summary of NSTA QRPs

NSTA QRP's 2015 - 2017

There were no QRP’s identified for the 2017 – 2018 BIT reporting period

There were no QRP’s identified for the 2018 – 2019 BIT reporting period

Summary of NQRPs

NQRP Assurance Statement 2020-2021

NQRP Assurance Statement 2019 – 2020

NQRP End of Parliament 2019 Report

NQRP Assurance Statement 2018 – 2019

NQRP Assurance Statement 2017 - 2018

NQRP Assurance Statement 2015 – 2017