Reducing the regulatory burden of enterprises
The regulatory burden means the costs imposed on enterprises, consumers, the authorities and other groups as a result of regulation and compliance with regulatory obligations.
Enterprises must adjust their operations to legislative requirements in many different ways. For example, as a result of a legislative obligation a company may have to invest in new machinery or equipment.
Sometimes companies have to hire outside experts in order to ensure that their operations are in full compliance with complex legislative requirements.
All this means additional costs to enterprises and it also means that enterprises have less time and financial resources for productive operations and investments. Reducing the administrative burden is one way of enhancing companies’ productivity and competitiveness.
Further information: anu.laitinen(at)tem.fi