OECD Regulatory Policy Outlook 2025

Following the introduction of Law 4622 in 2019, regulatory impact assessments (RIAs) are required for all primary laws and subordinate regulations of major economic or social importance. RIAs should include specific, time-bound and measurable objectives and indicate how the proposed laws contribute to the SDGs. Despite these changes, impact quantification is focused solely on budgetary aspects, while broader impacts and risks such as those to public administration, market economy, environment, and society are analysed qualitatively.

Public consultations are systematically conducted for all primary laws, with few exceptions. In practice, draft primary laws are posted on the consultation portal without prior notification for a minimum of two weeks. Significant subordinate regulations can be, but are typically not, submitted for public consultation.

Ex post evaluation remains nascent. The requirement to conduct ex post evaluation of all primary laws and major subordinate regulations within five years after their enactment has not yet been implemented. A Handbook on ex post evaluation of legislation is expected to be published in late 2024. Codification efforts to improve consistency and quality have involved recasting, cancellation and consolidation of existing legislation.

The Secretariat General of Legal and Parliamentary Affairs (GSLPA) oversees regulatory governance, supported by two Committees. The GSLPA is responsible for initiating the drafting of bills and accompanying RIAs, upon request from the responsible Ministry, and for posting them online for public consultation. The Committee on Evaluation of the Quality of Legislative Procedure is an advisory body responsible for scrutinising draft Bills and associated RIAs before they are introduced to Parliament by the GSLPA. The Central Codification Committee is responsible for the legislative codification process, pursuant to the methodology in the pertinent handbook. Simultaneously, a separate department within GSLPA, known as ‘Raptarchis,’ consolidates existing regulations in force, following a distinct methodology outlined in a separate handbook. Despite their differing approaches, both entities collaborate closely. The GSCO monitors and evaluates public policies and, in co-operation with the GSLPA, prepares the annual report on Regulatory Production and Evaluation.