Standards and Regulation in United Kingdom
The UK ranks number 4 out of 183 in the World Bank’s Ease of Doing Business Index (2010). Notably it is the highest ranking among the G8 countries. A high ranking on the Ease of Doing Business Index means the regulatory environment is more conducive to the starting and operation of businesses. The principal economic regulators in the UK are the Competition Commission (CC), Financial Services Authority (FSA), The Postal Services Commission, Office of Communications (Ofcom), Office of Gas and Electricity Markets (OFGEM), Civil Aviation Authority (CAA), Office of Rail Regulation and The Takeover Panel. The UK is member of the International Organisation for Standardisation – the British Standards Institution is the coordination bureau for standards. Numerous companies provide quality and standard certification services.