Regulatory good practice, incentives and benchmarking package

The overarching objective of this commission is to help ORR understand the extent to which other regulators both in the UK and abroad (in for example, North America, Europe and Japan):

(1) use behavioural science and behavioural economics principles and methods; (2) assess and manage regulatory risk; and (3) undertake stakeholder engagement, public consultation and act transparently to drive good outcomes, including constructive relationships in their regulated sectors.