Ofcom’s approach to regulation is based on seven regulatory principles, set out below. Amongst other things Ofcom emphasises regulatory forbearance in its operations, relying on markets where possible and operating with a bias against intervention. Where intervention is required Ofcom aims to intervene firmly and promptly, using the least intrusive regulatory mechanisms available.
Ofcom's Regulatory Principles1
- Ofcom will regulate with a clearly articulated and publicly reviewed annual plan, with stated policy objectives.
- Ofcom will intervene where there is a specific statutory duty to work towards a public policy goal which markets alone cannot achieve.
- Ofcom will operate with a bias against intervention, but with a willingness to intervene firmly, promptly and effectively where required.
- Ofcom will strive to ensure its interventions will be evidence-based, proportionate, consistent, accountable and transparent in both deliberation and outcome.
- Ofcom will always seek the least intrusive regulatory mechanisms to achieve its policy objectives.
- Ofcom will research markets constantly and will aim to remain at the forefront of technological understanding.
- Ofcom will consult widely with all relevant stakeholders and assess the impact of regulatory action before imposing regulation upon a market.
1 Ofcom's regulatory principles may also be viewed on Ofcom's website