Regulatory Impact Analysis Statement (RIAS)

A Regulatory Impact Analysis Statement (RIAS) is a document that explains the reasons for a proposed rule or regulation. It examines the potential benefits, costs, and impacts on various stakeholders and the economy. The RIAS helps policymakers, businesses, and the public understand why a regulation is needed, how it will work, and whether it is the best option. Its goal is to promote transparent decision-making and ensure regulations are justified, effective, and balanced, ultimately supporting informed discussions and responsible governance.