Kuala Lumpur: Malaysia Productivity Corporation (MPC) has digitalised their Regulatory Notification Submission process with the launch of the ‘Digital Regulatory Notification’ (DRN) Friday.
DRN is aimed at improving the efficiency of rule-making process and supporting Good Regulatory Practice, in line with the government’s ongoing digitalisation initiatives that will bring further positive impact to the productivity and competitiveness of the country.
MPC director-general Datuk Abdul Latif Abu Seman said that the move is imperative to help regulators comply with the Regulatory Impact Analysis (RIA) requirements when developing or amending regulations.
“The RIA process is for regulators to state their proposals on new or existing regulations to MPC using the DRN platform.
“When this was done manually, it took 10 days to get feedback from us if the proposal requires RIA or not, now, it takes about seven minutes through DRN, equivalent to an almost instant response,” said Abdul Latiff in a statement Friday.
DRN is the main element of RIA – a process that examines the likely impact of a proposed regulation and a range of alternative options.
RIA is applicable to any amendments to existing regulations or drafting of new regulations, with significant impact involving business, investment, or trade, where MPC is overseeing the whole RIA process.
