BIS publishes a statement of new regulation every 6 months. These statements list the new domestic regulations we intend to introduce in that 6 month period that fall in scope of the ‘one in one out’ rule.
The government has committed to leave office having cut the overall burden of red tape. One of the ways this is implemented is through the ‘one-in, two-out’ rule, which means any new regulation imposing costs on business is being off-set by deregulation of an equivalent amount.