Glossary

This is an approach used by regulatory bodies in the disciplinary process. The concept of Right-touch regulation emerges from the application of the principles of good regulation identified by the Better Regulation Executive. The principles state that regulation should aim to be:

• Proportionate: regulators should only intervene when necessary. Remedies should be appropriate to the risk posed, and costs identified and minimised

• Consistent: rules and standards must be implemented fairly

• Targeted: regulation should be focused on the problem, and minimise side effects

• Transparent: regulators should be open, and keep regulations simple and user friendly

• Accountable: regulators must be able to justify decisions, and be subject to public scrutiny

• Agile: regulation must look forward and be able to adapt to anticipate change.