Business will be allowed to establish standards and regulate relations with consumers without state interference

On August 29, the Cabinet of Ministers of Ukraine approved the Action Plan for the implementation of the Concept of Reforming the Institute of Self-Regulation in Ukraine. This was reported by the press service of FAO, agropolit.com reported.

The plan provides for the end of 2018 to develop, after consultation with the public, the draft law on self-regulation in Ukraine, which should create a single integrated legislative and organizational basis for self-regulation.

Also, the Action Plan, based on a preliminary analysis, is expected to develop bills that will delegate certain functions of the state to regulate self-regulatory organizations in various spheres of economic and professional activity.

The action plan also provides for seminars and trainings aimed at enhancing the institutional capacity for self-regulation and the level of awareness of business, government employees and consumers about the principles and procedures for self-regulation.

Self-regulating organizations (SROs) are a business combination by types of activity. The status of the SRO makes it possible to independently establish norms and standards in this or that sphere without state intervention, and also regulate both internal relations and relations with consumers.