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
There were no QRP’s identified for years 2017 to 2022.