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The ability to challenge regulations after they are passed is a key component of a healthy regulatory system. This avenue for redress is particularly important for investors, as it boosts confidence where they see an opportunity to reverse perceived discriminatory regulations.
For the Global Indicators of Regulatory Governance, the team asked government officials and the private sector whether affected parties can request reconsideration or appeal adopted regulations to the relevant administrative agency. The data explore whether affected parties have access to administrative review by the regulatory body, administrative review by an independent body and/or judicial review.
We are currently undergoing data collection (Word, 265KB) and expanding the data coverage. Updated data are expected for release June 2016.