THE Malaysia Productivity Corporation (MPC) has officially digitalised its Regulatory Notification Submission process with the launch of its Digital Regulatory Notification (DRN) yesterday.
Aside from aiming to improve efficiency of rule-making processes and supporting good regulatory practices (GRPs), the move is also imperative to help regulators comply with regulatory impact analysis (RIA) requirements when developing or amending regulations.
“(The DRN) will ensure that efficiency in processing submission helps regulators make better decisions,” said MPC director general Datuk Abdul Latif Abu Seman.
Being the main element of RIA, DRN is a process of examining the likely impact of a proposed regulation followed by a range of alternative options. RIA is applicable to any amendments to existing regulations or drafting of new regulations, with significant impact involving business, investment, or trade.
“The RIA process is for regulators to state their proposals on new or existing regulations to MPC using the DRN platform. When this was done manually, it took 10 days or 14,400 minutes to get feedback from us if the proposal requires RIA or not. Now, it takes about seven minutes through DRN, equivalent to almost instant response,” Abdul Latif explained.
The previous process was done manually where regulators were required to provide details that included information pertaining to their proposals, background, impact on cost as well as implementation strategy.
With DRN, the time is shortened as regulators will only need to fill in specific particulars and some background on regulations and choose relevant exemption and impact that are readily listed in the platform.
At the end of the session, regulators are notified instantly whether their proposal requires RIA or not. Also, with DRN, regulators can submit their Regulatory Notification anywhere and anytime.
Just last week, Abdul Latif was reported emphasising how achieving efficient and effective regulatory delivery is crucial for business continuity and expansion.– May 8, 2021
