136
edits
Changes
mLine 314:
Line 314: − 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 1,200 times per year. +
→Annual Frequency
For each regulatory activity, the frequency determines how many periods there are in each year in the analysis. The number of periods per year can affect the undiscounted impact estimates because this determines how often the RCC estimates the stakeholder count, and undiscounted impacts depend on how many stakeholders are in the market at any given time. The number of periods per year can also affect the discounted impact estimates because each subsequent period happens later in the analytical timeframe and is therefore discounted to a greater extent.
For each regulatory activity, the frequency determines how many periods there are in each year in the analysis. The number of periods per year can affect the undiscounted impact estimates because this determines how often the RCC estimates the stakeholder count, and undiscounted impacts depend on how many stakeholders are in the market at any given time. The number of periods per year can also affect the discounted impact estimates because each subsequent period happens later in the analytical timeframe and is therefore discounted to a greater extent.
The regulatory text may 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 1,200 times per year.
Frequencies in the RCC can be grouped into three categories:
Frequencies in the RCC can be grouped into three categories: