Review of International Regulatory Co-operation of the United Kingdom
International regulatory co-operation (IRC) provides an opportunity for countries
to consider the impacts of their regulations beyond their borders, to expand the evidence
for decision-making, to learn from the experience of their peers and to develop concerted
approaches to challenges that transcend borders. This review documents the context
of IRC policies and practices in the United Kingdom. It covers both the UK’s unilateral
efforts to embed international considerations in domestic rulemaking and its bilateral,
regional and multilateral co-operative efforts on regulatory matters. In addition,
the review provides a snapshot of IRC in practice in the United Kingdom with four
case studies on financial services, nuclear energy, medical and healthcare products
and product safety. At a time when IRC is an increasingly essential, yet largely untapped,
tool for addressing transboundary policy challenges, this review offers valuable lessons
to countries within the OECD and beyond.
Published on May 04, 2020