Document: A Quick Guide to Regulatory Impact Assessments

A Regulatory Impact Assessment (RIA) is an analysis of the likely impact of a range of options for implementing a policy change. The principle of RIA is evidence based policy making. An RIA must set out the risk or problem to be adressed and the options available. It must also set out the likely costs and benefits for each option.This guide provides information on how to get started with RIA's, their importance and where to look for help and advice.