Security Industry Authority
January 24
09:41
2024
Details
The Deregulation Act 2015 places a duty on regulators like the SIA to have regard to the desirability of promoting economic growth in particular, by ensuring that regulatory action is taken only when needed, and is proportionate.
In November 2023 the Department for Business and Trade began consulting on proposals to change the statutory guidance that underpins the growth duty.
The SIA submitted its response to the consultation on 16 January 2024. Our response is broadly supportive of the proposed changes.