What Does RIAS Stand For?

RIAS stands for Regulatory Impact Analysis Statement Canada

RIAS, or Regulatory Impact Analysis Statement Canada, is a formal document that assesses the potential effects of proposed regulatory measures on the economy, society, and the environment. It provides a comprehensive analysis that informs decision-makers by evaluating the costs, benefits, and alternatives to regulation, ensuring transparency and accountability in the regulatory process. The RIAS aims to enhance the quality of regulation in Canada by facilitating informed stakeholder engagement and supporting effective governance.