Implementation of regulatory policy in economic activity: development of the institute regulatory impact assessment

Introduction. Market transformations in certain sectors of the national economy require improvement of the practice of applying the legislation and substantiating the changes in the regulatory environment and assessing the effectiveness of its influence to reduce unreasonable costs for all market participants. Therefore, there is a problem of improving state regulation of the economy, as well as the state of application of the regulatory policy mechanism by state authorities. Aim and tasks. The aim of the article is to study trends improving implementation of regulatory policy in the sphere of economic activity on the basis of the institute regulatory impact assessment. Research results. The results of the analysis. The article discloses the need to improve the quality of regulation of economic activity within the institutional obligations of the state in order to facilitate the obtaining of the maximum possible benefits of business entities. This involves minimizing public participation, and most importantly, the evaluation of regulatory instruments that affect the business sector or restrict its competition. The substantiation of the tool for ensuring the quality of regulation of economic activity in a market economy is based on the analysis (evaluation) of regulatory influence. The barriers of economic activity and sources of subjective nature, which are connected with excessive regulatory pressure, are revealed. The correlation of the principles of state regulatory policy and the analysis of regulatory influence in the field of economic activity are carried out. The directions of development of the Institute for the assessment of regulatory influence in the field of competition are proposed in order to ensure sustainable business development: application of a complex of interrelated criteria with the assessment of procedures and implementation of regulatory quality standards; the phased introduction of elements of the analysis of regulatory influence on competition; improvement of the institutional basis for the analysis (assessment) of regulatory influence. The difference between the analysis of regulatory influence on competition as an element of regulatory influence analysis, which serves as a tool of state regulation, is proved and it allows to improve the state policy in the field of development of competition on the basis of substantiating restrictive competition of regulatory norms. Conclusion. The analysis of regulatory influence as part of a systematic approach to the development of the institutional environment serves as an instrument for improving state policy in the field of competition development. The importance of introducing the practice of proving the necessity of interfering with economic processes or institutional constraints provided that market competition is reduced as a component of the regulatory influence analysis is proved.