Legislation – Deregulation Act 2015
Changes to legislation:
Deregulation Act 2015, Section 108 is up to date with all changes known to be in force on or before 02 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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Exercise of regulatory functions
108Exercise of regulatory functions: economic growth
(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.