Section 108 Exercise of regulatory functions: economic growthI1C1
(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.
Annotations
Modifications
- C1
S. 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
- I1
S. 108 in force at 9.3.2017 by S.I. 2017/331, art. 2(b)