Yes. Cabinet has recently approved the Socio Economic Impact Assessment System (SEIAS) which is effective from 1 June 2015. The SEIAS requires that government departments must, before developing any policy, regulations and legislation, ensure that they take steps to minimize the unintended consequences of such policy, regulations and legislation, including unnecessary costs of implementation and compliance. The SEIAS further requires government departments to anticipate implementation risks and develop measures to mitigate such risks.
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