Kuala Lumpur, April 18 – One of the most crucial requirements for businesses to conduct their economic activities is the need for policy and regulatory processes which aid, rather than hinder business growth.
Malaysia Productivity Corporation (MPC) had successfully organised the Engagement Session with Regulatory Coordinators (RC) on the Implementation of Good Regulatory Practice yesterday.
The aim of the session were to increase the understanding among Regulatory Coordinators; updates and provides feedback on the status of GRP Implementation at ministries and agencies and get feedback on issues and challenges faced by Ministries and Agencies in the implementation of GRP.
“The circular on the National Policy on the Development and Implementation of Regulations (NPDIR) issued on 15 July 2013 requires all federal ministries and agencies to undertake good regulatory practice (GRP) and regulatory impact analysis (RIA) in developing new and amended regulations,” said Datuk Seri J. Jayasiri, Secretary General of Ministry of International Trade and Industry (MITI) in his closing remarks.
Jayasiri added that we must ensure all parties within the regulatory system understand each other’s roles and interact properly; and being clear about what constitutes success for the regulation, and having a means by which to track performance; and the capability and skills of regulators.
“One of the key drivers of enhancing national productivity is to improve the efficiency of policy and regulatory processes. It is hoped that, by improving the quality of existing regulations and ensuring the quality of new regulations, the regulatory burden on businesses will be reduced substantially. Regulatory policy is about achieving government's objectives through the use of regulations, laws, and other instruments to deliver better economic and social outcomes and thus enhance the quality of life of citizens and business,” he said.
Meanwhile Datuk Abdul Latif Haji Abu Seman, Deputy Director General of MPC said in his welcoming remarks “The adoption of GRP in Malaysia since January 2014, statistics has shown that there has been an increasing trend in the number of regulatory notification received from the ministries and agencies for the period of year 2014 to year 2016 that is from 40 to 75 notifications.”
To date, MPC has received a total of 197 regulatory notifications. This provides an indicator that there has been an increase in the awareness and participation among the ministries and agencies in the implementation of GRP”