Regulatory Design

Regulations are a fundamental tool used by governments to achieve their policy objectives. A profound understanding and vast knowledge of regulatory developmental process and its legal policy implications is the framework for effective regulatory instrument selection. From white papers to drafting instructions, THSG is a leader in aligning regulatory designs to achieve the desired outcomes elegantly and simply.

THSG has developed a principled and rigorous evidence based approach to regulatory design and development. Based on many years of design experience, with some of the most challenging issues, THSG has developed four advisory services to assist clients in maximizing their regulatory efforts:

  1. Regulatory Framework and Design: Identifying and then examining the broad regulatory options available to the client to align their efforts with the desired policy objective. This ensures the earliest possible coherence between regulatory effort and the ultimate policy objective.

  2. Instrument Selection: Applying a rigorous examination to the proposed policy direction and ensuring the best instrument is selected to achieve the desired result. This examination addresses existing regulatory standards and seeks out best practices in regulatory development.

  3. Performance Measurement and Monitoring: Ensuring that what is regulated can and will be monitored by building performance measurement and monitoring into the design from the outset.

  4. Oversight Design and Analysis: Regulatory compliance and enforcement are explicitly addressed as a major contribution to effective regulation. This analysis allows the regulation maker to report on how resources have been allocated to ensure the expected results have been achieved.