Stakeholder Updates 

This is where the Institute posts material related to the stakeholder updates in the regulation sector. If you have material to add or would like to help curate this page, please contact us. 

IoR Evidence to the House of Lords on Regulation and Growth

The Institute of Regulation has submitted its response to the House of Lords Industry and Regulators Committee, setting out how effective regulation underpins economic growth and supports a thriving UK economy. IoR is first and foremost a professional network, not a trade body nor a representative organisation. As such, this response represents the views of the Institute of Regulation directors, drawing on their combined decades of experience in regulation and their contact with IoR members, as well as insights from regulatory literature and the IoR’s work with regulatory bodies in several countries — particularly Australia, Canada and New Zealand, where IoR links and membership are strong.

Alongside answering each of the Committee’s questions in detail, our submission highlights five overarching points that shape our perspective on the relationship between regulation, growth, and good governance.

Overarching Points

We have responded to each question, but make five overarching points, which inform our more detailed responses.

  1. Good regulation is a precondition and necessary support to economic growth.

  2. UK regulators support the growth agenda.

  3. One size does not fit all.

  4. Regulatory independence and growth are not opposed.

  5. Regulators are well-placed to inform government policy.

Please access the full report here: https://ioregulation.org/s/IoR_House_of_Lords_IR_Committee_Response.pdf

Regulation Directorate - Department of Business & Trade

Draft Core Regulatory Skills Framework

The draft core skills framework is designed to include the core skills needed by regulators working in different aspects of regulation.  It could be used as a basis for regulators’ own competency and standards frameworks, and adapted for their specific requirements, as not all tools and functions will be required by every regulator. The draft Framework is designed to complement the specialist skills and training that regulators already provide to their staff.

DBT invited regulators to submit their views and any comments / suggestions on their draft of the Framework in July 2025:

  1. The draft Core Skills Framework.

  2. Annex A – this provides as overview of the draft Framework, including development levels and themes.

  3. Annex B – this includes additional proposed core skills on Regulatory Craft, Regulatory Stewardship and Promotion of Standards that have been suggested during DBT’s discussions with regulators.  In developing the draft Framework, DBT thinks that these skills may have already been included in other areas. For example, Regulatory Craft includes elements covered in Risk-Based Regulation, Communication, and Using Data and Evidence. Similarly, Regulatory Stewardship includes themes covered in Regulation Theory, Using Data and Evidence, and Communication. However, DBT welcomed views on whether regulators think that these should be included separately or whether they duplicate skills that are included elsewhere.

Further reading and information:

  • Further resources will be shared here on a rolling basis.