Regulatory Impact Analysis
The Regulatory Impact Assessment ( RIA ) is concerned with the collection and analysis of undesired consequences, and unwanted side effects of legal norms. This is to the necessity and effect of a proposed law better recorded and possible alternatives are compared.
Although the legislature has always pursued a particular purpose in the adoption of any standard, the systematic collection and evaluation of prospective and actual regulatory impact is a relatively recent development. This is what the German Joint Rules of Procedure of the Federal Ministries ( GGO ) before only since 1 September 2000 that the presenting, formulation and the enactment of legal norms, such as laws, regulations or general administrative provisions, an impact assessment should be undertaken.
At EU level, also a regulatory impact assessment takes place before the European Commission presents a proposal for a legislative measure ( regulation or directive ). He is referred to as Integrated Impact Assessment ( integrated because both are considered aspects of sustainable development and the impact on the addressee ). The Commission has submitted to internal guidelines.
While, the effects on businesses or individuals relatively simple ( in monetary terms, ie in euros ) estimate, this estimate made much more difficult when it comes to impact on environmental goods. Because environmental goods usually do not have direct "price" one must look for other ways to quantify the impact on the environment in order to take them into account in the impact assessment can.
Purpose of carrying out regulatory impact assessments is to make state action more effective to limit state intervention to the minimum necessary and to include possible alternatives. According to § § 43 Paragraph 1 No. 5, 44, 62, 70 GGO the results of the assessment of regulatory impacts in the justification should be presented to the act and the cover sheet when submitting the draft.
The impact assessment is carried out not only in the run-up to the adoption of a standard. A total of three stages of the impact assessment can be seen in the German practice: