The Concept and Legal Nature of the Institute for Assessing the Regulatory Impact of Draft Normative Legal Acts

In order to fully understand the mechanism of the institute of regulatory impact assessment (RIA) and determine the prospects for its development, it becomes relevant to study the processes of formation of this institution, identify the problems of its existence at the present stage and develop recommendations for optimizing its further implementation in the regulatory policy of the state.
The article aims: to analyze the main approaches to the formation of the institute of regulatory impact assessment, to identify the problems of functioning of this institute, to determine the prospects for the existence and development of the institute of regulatory impact assessment.
The methodological basis of the work is the method of cognition and analysis of the institute of regulatory impact assessment. General scientific research methods were also used – historical and logical, comparative, analysis and synthesis, deduction and induction.
According to the results of the study, it is concluded that at present there is a need to include market levers for the introduction of this institution into the regulatory policy of the state. Also, at this stage of development and implementation of the institute under consideration, insufficient attention is paid to finding alternative ways to solve the problem and choosing the optimal one.