The Department for Business Enterprise and Regulatory Reform (Berr) has introduced a new code of practice that will help save businesses time and money by improving the way regulators work with them. The Regulators’ Compliance Code is an important step in the government’s programme to cut red tape.

It requires regulators to take a risk-based approach to inspection and enforcement. This means fewer inspections and less regulatory burden for the majority of compliant businesses, but more rigorous inspection when there is high risk of a business not complying with regulation.