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PHILIPPINES - REGULATORY IMPACT ASSESSMENT (RIA) GUIDELINES
DRAFT – FOR DISCUSSION AND FINALISATION
Process
RIA can be applied to new regulations, ensuring that only regulations that benefit the economy become effective, as well as to existing
regulations, by modifying or removing regulations already in place.
Generally, when implementing a RIA Regime, the focus is first on the flow of new regulations. Once good practice has been established, the
focus then extends to reforming the stock of existing regulations.
In developing a regulatory proposal, a regulator (eg., department) would:
1. Prepare a Preliminary Impact Assessment (PIA) to establish whether the regulatory proposal is likely to involve impacts on business,
community (individuals) or the government.
2. If the PIA shows the impact could be significant compliance impacts on business, community or the government, then the cost of those
impacts are estimated using a standard costing methodology and a Regulatory Impact Statement (RIS) is completed.
The PIA/RIS is both a process whereby each regulation is assessed and a document recording how the regulation was made and assessed.
Elements
Key elements of a ‘best practice’ RIA Regime are:
1. Institutional Arrangement is established that -
i. Embeds the RIA Regime in the law/regulation making process and systems
ii. Establishes a central RIA body to support regulators with RIA
iii. Establishes RIA Champions/Units in regulators (eg., departments) to be the contact point with the central RIA body.
2. RIA Support Materials and Tools are developed that -
i. Promote ‘best practice’ principles in regulation making and review
ii. Support both regulators and regulated parties to participate efficiently and effectively in the RIA system.
2.3 Philippines Law Making Authorities and Approval Process
The 1987 Constitution of the Republic of the Philippines governs the making of laws in Philippines.
Key authorities in the Philippines law making system include:
Version 4.0 23 July 2012 DRAFT Page 6/24