Section 391C(4)

In subsection (3)(a), “regulatory principles” means— the principles that regulatory activities should be transparent, accountable, proportionate, consistent and targeted only at cases in which action is needed, and any other principle appearing to the body concerned (in the case of the duty under section 391B(1)), or to the Secretary of State (in the case of the duty under section 391B(2)), to lead to best regulatory practice.

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Source: legislation.gov.uk · retrieved 2026-09-04