In these circumstances DTI actively intervenes on behalf of those sectors it sponsors and uses its knowledge of business to persuade, influence and inform those whose role is to manage the regulatory regime in that sector. A Guide to Regulatory Impact Assessment. Accountability - To Ministers and Parliament, to users, to the public. Consistency - Be predictable, people should know where they stand. Risk Assessment 5.
Risk assessment has a key role to play at all stages of the regulatory process.
The Department's approach emphasises the need to obtain the necessary data and knowledge for making informed decisions. This includes not just decisions on the risk assessment itself, but also information on the available options and their constraints. In other words the risk is the likelihood that harm will be experienced by a particular population when exposed to a hazard. Thus managing risk becomes more and more important as a market grows, leading to increased exposure to a given hazard. Scientific advice has an increasingly important part to play in informing UK and international policy and regulatory decisions, particularly on sensitive issues involving people's health and safety, animal and plant protection and the environment.