Regulators should share information about compliance and risk
Regulators should collectively follow the principle of “collect once, use many times” when requesting information from those they regulate.
When the law allows, regulators should agree secure mechanisms to share information with each other about businesses and other bodies they regulate, to help target resources and activities and minimise duplication.
Core Learning Resources
Centre of Excellence for Information Sharing, 2016
Information Commissioner's Office
Improvement and Development Agency, 2008
This consultation seeks views on non-economic regulators sharing data collected from businesses, to build the evidence to design effective solutions that work for both parties. It indicates current thinking in this area.