Guidelines for Measuring Cost Savings in Regulations Based on ERRADA Recommendations

MCS

The Standard Cost Model, which is used to calculate the cost savings, is based on measuring the full compliance cost for all entities targeted with the regulation that has financial implication. This is done by identifying and calculating the cost of actions to comply with obligations imposed by the regulation in question (in terms of financial cost, time used and hourly rate) for each entity and then calculating it for all targeted entities.

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105,705

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98,413

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6,142

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