MPC paves way for good regulatory practice implementation

KUALA LUMPUR: Malaysia Productivity Corporation (MPC), a statutory body under the International Trade and Industry Ministry, conducted a successful engagement session with regulatory coordinators on the Implementation of Good Regulatory Practice (GRP) yesterday.

“The aims of the session were to improve the understanding of regulatory coordinators, update and provide feedback on the status of the GRP Implementation at ministries and agencies, as well as to get feedback on issues and challenges faced by ministries and agencies in its implementation,” it said in a statement.

“The circular on the National Policy on the Development and Implementation of Regulations issued on July 15, 2013 requires all federal ministries and agencies to undertake good GRP and regulatory impact analysis in developing new and amended regulations”, said International Trade and Industry Ministry Secretary-General, Datuk Seri J. Jayasiri in his closing remarks.

“We must ensure that 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,” said Jayasiri.

He said regulatory policy was about achieving government’s objectives through the use of regulations, laws, and other instruments to deliver better economic and social outcomes, and thus enhancing the quality of life of citizens and business. — Bernama