108Exercise of regulatory functions: economic growthU.K.
(1)A person exercising a regulatory function to which this section applies must, in the exercise of the function, have regard to the desirability of promoting economic growth.
(2)In performing the duty under subsection (1), the person must, in particular, consider the importance for the promotion of economic growth of exercising the regulatory function in a way which ensures that—
(a)regulatory action is taken only when it is needed, and
(b)any action taken is proportionate.
Modifications etc. (not altering text)
C1S. 108 applied (29.3.2017 coming into force in accordance with ) by The Economic Growth (Regulatory Functions) Order 2017 (S.I. 2017/267), arts. 1, 2(1), Sch.
Commencement Information
I1S. 108 in force at 9.3.2017 by S.I. 2017/331, art. 2(b)