Source · Select Committees · Public Accounts Committee
Recommendation 21
21
Enforcement action is sometimes necessary, but it is costly for the regulators and may require...
Conclusion
Enforcement action is sometimes necessary, but it is costly for the regulators and may require court action.54 Enforcement is needed less often when advice, guidance and support help those businesses comply in the first place. Businesses often do not understand what is required of them, find it difficult to locate and use guidance, and say they do not always get sufficient support to comply which can increase the regulatory burden on them.55