May 2020
The Role of Regulatory Impact Analysis (RIA) in Policy-Making
On 15 July 2013, the Chief Secretary to the Government issued a General Circular No.1/2013 in relation to the National Policy on the Development and Implementation of Regulations to promote Good Regulatory Practice. The cornerstone of this policy is the introduction of the regulatory management process called Regulatory Impact Analysis or better known as “RIA”. Seven years on, this article written by Partner and Head of the Corporate & Government Advisory Practice, Mohamad Izahar Mohamad Izham explores the extent of RIA adoption and implementation in our legislative development process, and the expected changes to come.
