Partial RIA

The partial RIA builds on the initial RIA. The partial RIA must be submitted with any proposal needing collective agreement from Cabinet, Cabinet Committee, No 10 or other interested Ministers. It must also accompany the formal consultation. It should be informed by more discussions, data gathering and informal consultations. You will have worked up the options and developed your thinking on compliance and monitoring. You will also have refined your cost and benefit estimates.

A Partial RIA should:

• Provide a clear statement of the policy objectives and the issue.
• Describe and quantify the scale of the risk (or problem being addressed).
• Identify regulatory and non-regulatory options.
• Consider the pros and cons of each option and the fit with existing requirements on the relevant sector.
• Identify who is affected, including the business sectors affected.
• Identify any issues of equity and fairness.
• Estimate the benefits and costs and identify the key risks associated with each option.
• Flag up any potential unintended consequences.
• Identify distributional impacts.
• Provide a Competition Assessment that includes a clear statement of anticipated competition impacts for each option.
• Include the outcome of the Small Firms’ Impact Test.
• Consider how to secure compliance and how the risk factors identified would affect this.
• Consider monitoring and whether a review of how well the policy is working is required.