Part 2F1Welsh ... Government
“Inclusive” approach to exercise of functions
76I1Regulatory impact assessments
1
The Welsh Ministers must make a code of practice setting out their policy on—
a
the carrying out of regulatory impact assessments in connection with relevant Welsh subordinate legislation, and
b
the carrying out of consultation in connection with regulatory impact assessments,
(“the regulatory impact assessment code”).
2
For the purposes of this section—
a
a regulatory impact assessment is an assessment as to the likely costs and benefits of complying with relevant Welsh subordinate legislation, and
b
subordinate legislation is relevant Welsh subordinate legislation if it is made by the Welsh Ministers, the First Minister or the Counsel General and the statutory instrument (or a draft of the statutory instrument) containing it is required to be laid before the Assembly.
3
The Welsh Ministers—
a
must keep the regulatory impact assessment code under review, and
b
may from time to time remake or revise it.
4
Before making, remaking or revising the regulatory impact assessment code, the Welsh Ministers must consult such persons as they consider appropriate.
5
The Welsh Ministers must publish the regulatory impact assessment code when they make it and whenever they remake it; and, if they revise the code without remaking it, they must publish either the revisions or the code as revised (as they consider appropriate).
6
If the Welsh Ministers publish a code or revisions under subsection (5) they must lay a copy of the code or revisions before the Assembly.
Words in Act omitted (17.2.2015) by virtue of Wales Act 2014 (c. 29), s. 4(2)(a) (with s. 4(3))