Business Impact Assessment
Introduction
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Another work focus of business facilitation is to encourage bureaux and departments (B/Ds) to assess the business impact before introducing new regulatory/licensing requirements so as to better take into consideration the operational circumstances and capacity of the trades and understand the costs associated with compliance of the regulatory requirements.
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Through conducting business impact assessments (BIAs), B/Ds can grasp the concerns and compliance difficulties of the affected trades in complying with the regulatory proposals which will facilitate the B/Ds to enhance or fine-tune their regulatory proposals so as to avoid the introduction of unreasonable regulatory or licensing requirements and reduce the compliance cost without compromising public interests.
Business Impact Assessment Framework
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The Government has developed a BIA framework to provide general guidelines to B/Ds to facilitate their systematic assessment of the business impact of their regulatory proposals on the business environment.
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The different tasks under the different stages of the BIA Framework are depicted below -
Business Compliance Cost (BCC) Framework
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In addition, the Government has developed the Business Compliance Cost (BCC) Framework for assessing the additional compliance cost to be incurred from the regulatory proposals to facilitate B/Ds to estimate the BCC in a systematic and consistent manner.
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An overview of the BCC Framework is as follows -
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BIA studies reported to the BFAC
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Business Impact Assessment on Amendment of Section 15 of Waterworks Ordinance (Cap. 102) (BFAC Paper 1/17)
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Business Impact Assessment on Mandatory Use of Designated Products registered under Water Efficiency Labelling Scheme (WELS) (BFAC Paper 7/16)
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Business Impact Assessment on a Producer Responsibility Scheme on Glass Beverage Containers (BFAC Paper 5/15)
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Business Impact Assessment on Proposed Measures for Compliance with Fire Safety Requirements by Food Premises (BFAC Paper 5/14)
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Business Impact Assessment of the Proposed Private Columbaria Bill (BFAC Paper 10/13)
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Business Impact Assessment on Revised Proposal for Implementation of Third Party Fire Safety Certification by Introducing a Registered Fire Engineer Scheme in Hong Kong (BFAC Paper 6/13)