Detailed Commentary on Sections in Part 2 “Inclusive” approach to exercise of functions Section 76: Regulatory impact assessments
280.Under this section the Welsh Ministers are required to make, keep under review, and from time to time to remake or revise, a code of practice (“the regulatory impact assessment code”), setting out their policy on the carrying out of regulatory impact assessments in relation to Welsh subordinate legislation and on the carrying out of consultation in connection with regulatory impact assessments. The Ministers are under a duty to consult such persons as they consider appropriate before they make, remake or revise a code.
281.Regulatory impact assessments are assessments as to the likely costs and benefits of complying with the Welsh subordinate legislation in question.
282.The regulatory impact assessment code, and any revisions to it, must be published and laid before the Assembly.