Traffic Light Score Methodology: A Tool for Ex Post Regulatory Impact Assessment

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Traffic Light Score Methodology: A Tool for Ex Post Regulatory Impact Assessment

Publication Number

APEC#219-EC-01.2

Published Date

April 2019

Type of Publication

Reports

Publications Under

Economic Committee(EC)

Accessed

894

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Description

This publication aims to evaluate the quality of the Ex Post evaluation of regulations by verifying the content of the three main sections of the Ex Post RIA and provide a final recommendation about the future status of the regulation submitted to an ex-post evaluation analysis.

The Traffic Light Score Methodology (TLSM) seeks to become part of the good regulatory practices inside APEC that contribute to the following impacts in the region: an oversight tool to verify if the regulations are delivering the intended impacts and measuring the real costs and benefits; a systematic feedback on the robustness of the assumptions used in the Ex-Ante RIA, which allows regulators to make adjustments, if necessary, to current regulation; a diagnostic tool to identify and seize improvements on public policies, instead of reacting to external reviews and appraisals.