The Jersey Competition Regulatory Authority (JCRA) has published a new document outlining the way it prioritises its work.
The Prioritisation Principles provides clarity regarding the JCRA’s approach to new projects and is in line with best practice among national competition regulators in other jurisdictions.
The JCRA licenses activity in the ports, post and telecommunications sectors of the economy of Jersey and, as a competition law enforcement body, it has strategic choices to make in deciding which areas to focus its limited resources and the appropriate approach to further its aim.
The JCRA will make these strategic choices based upon its remit under the various laws that apply to it, as well as drawing on the intelligence and analysis gathered through its research and stakeholder engagement. In prioritising the use of its resources, the JCRA will take an evidence-based view of the likely contribution to its strategic aim in the short and longer term. It will also work closely with other regulators and agencies where appropriate to ensure its efforts are complimentary to theirs.
Tim Ringsdore, CEO of the JCRA, said, “The publication of our Prioritisation Principles demonstrates a new strategic approach for the Authority. In addition to providing clarity, it will ensure that our caseload is supported and prioritised efficiently and help achieve our objective of being ‘best in class’ through a pragmatic and proportionate focus on the work we undertake.
“We have consulted with a wide range of stakeholders and there has been a positive response to this new approach.”
The Prioritisation Principles are published on the Authority’s website here.
