The Treasury Board of Canada Secretariat has released the policy guidance on the new Cabinet Directive on Regulation (CDR) which came into force on September 1, 2018.
The policy suite released consists of five policy documents:
- Policy on Regulatory Development
- Policy on Cost-Benefit Analysis
- Policy on Limiting Regulatory Burden on Business
- Policy on Regulatory Transparency and Accountability
- Counting Administrative Burden Regulatory Requirements
I have had the opportunity to review and comment throughout the development process, but over the next week I hope to discuss some of the more important changes here.
I did notice that the while regulatory stock reviews are referenced in the CDR and in the Policy on Limiting Regulatory Burden on Business, the guidance documents for regulatory reviews have not yet been published. It will be interesting to see the impact regulatory stock review will have on the regulatory development cycle, the workload of regulatory affairs departments, and the publication and usefulness of Forward Regulatory Plans.