30 Duty to carry out impact assessment

30  Duty to carry out impact assessment

(1)     This section applies where—

(a)     the economic regulator is proposing to do anything for the purposes of, or in connection with, the carrying out of any function exercisable by it under or by virtue of this Part, and

(b)     it appears to the economic regulator that the proposal is important;

but this section does not apply if it appears to the economic regulator that the urgency of the matter makes it impracticable or inappropriate for the economic regulator to comply with the requirements of this section.

(2)     A proposal is important for the purposes of this section only if its implementation would be likely to do one or more of the following—

(a)     involve a major change in the activities carried on by the economic regulator;

(b)     have a significant impact

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