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Line 312: + + − Choosing the frequency for a regulatory activity determines how many periods there are in each year in the analysis. The number of periods per year affects the undiscounted impact estimates because it affects how often the RCC estimates the stakeholder count, and the undiscounted impacts depend on how many stakeholders are in the market at any given time. The number of periods per year also affects the discounted impact estimates because each subsequent period happens later in the analytical timeframe and is therefore discounted to a greater extent. −
→Annual Frequency
===== Annual Frequency =====
===== Annual Frequency =====
The frequency for a regulatory activity determines how many periods there are in each year in the analysis. The number of periods per year affects the undiscounted impact estimates because it affects how often the RCC estimates the stakeholder count, and the undiscounted impacts depend on how many stakeholders are in the market at any given time. The number of periods per year also affects the discounted impact estimates because each subsequent period happens later in the analytical timeframe and is therefore discounted to a greater extent.
Sometimes the regulatory text will explicitly state how often stakeholders must conduct a regulatory activity (e.g., "do Activity X once per year" or "do Activity X every 6 months"). Other times, the regulatory text may state that an activity must be conducted every time some other event happens (e.g., "do Activity X every time Event Y happens"). An example of the latter is a requirement to report the importation of goods containing a certain chemical: this could happen 1 time, 2 times, or 1,000 times per year.
Sometimes the regulatory text will explicitly state how often stakeholders must conduct a regulatory activity (e.g., "do Activity X once per year" or "do Activity X every 6 months"). Other times, the regulatory text may state that an activity must be conducted every time some other event happens (e.g., "do Activity X every time Event Y happens"). An example of the latter is a requirement to report the importation of goods containing a certain chemical: this could happen 1 time, 2 times, or 1,000 times per year.
Frequencies in the RCC can be grouped into three categories:
Frequencies in the RCC can be grouped into three categories: