PNS Tower, Bangsar South City Kuala Lumpur 19 May 2014

1. Public Consultation on Professional Bodies under the Competition Act 2010 (CA 2010) Good RegulatoryPractices (GRP) with Regulatory Impact Analysis(RIA) PNS Tower, Bangsar South City Kuala Lumpur 19 May 2014

2. Outline • Modernising business regulation – An Overview • RIA requirement; • Rationale underlying RIA; • RIA elements; and • Role of Institutions

3. 2007 2012 2013 2014 2011 Major national initiatives to modernise business regulation in Malaysia PEMUDAH Modernising Business Regulation announced Collaboration with OECD NPDIR announced MPC review of licencing MPC review agenda evolving - RURB Collaboration with AGPC MPC review agenda evolving - restriction

4. MPC is responsible for the modernisingbusiness regulation initiatives

5. Latest Initiative in Modernising Business Regulation… Announcement of National Policy on the Development and Implementation of Regulations by Chief Secretary to the Government of Malaysia, July 2013

6. RIA requirement: Enforced from Jan 2014

7. RIA requirement - OECD Source: www.oecd.org/regreform/regulatory-policy/ria.htm

8. Rationale underlying regulatory impact analysis • Rational risk management • Reducing unnecessary regulatory burdens & restrictions • Productivity agenda

9. RIA Elements • Problemthat give rise to the need for action • Objective(s) the intent of the proposed regulatory action • Optionsthe range of regulatory and non-regulatory options • Impact analysis cost and benefit analysis • Consultationtransparency and ensure full range of impacts is taken into account • Conclusion and recommended option identifying the preferred option based on the impact analysis • Implementation and review execution plan for a regulatory action and outline how the regulation will be reviewed

10. Role of Institutions REGULATOR- ENFORCE (implementing) NDPC (gate keeping) PEMUDAH (advocacy) REGULATOR- DESIGN (developing) INTAN (training) AGC (drafting & legal advice) MPC (facilitator)

11. Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Even Handed Fact Based Fairness Thank you Malaysia Productivity Corporation www.mpc.gov.my