SME Test definition

SME Test means the impact assessment as set out in the second schedule to this Act;
View Source
SME Test means the impact assessment as set out in Schedule II;
View Source

Examples of SME Test in a sentence

  • In particular, the SME Test of the European Commission directives for regulatory impact assessment, the British Small Firms Impact Test and the Canadian Small Business Lens Checklist have been taken into consideration.

  • The SME Test is a tool used in regulatory impact assessment systems to specifically analyse the effects of regulatory initiatives on microbusinesses and small and medium- sized companies (SMEs), whose use is recommended by the European Commission to meet the principle of ‘think small first’.

  • The SME Test is carried out in relation to regulatory initiatives that have a direct or indirect impact on economic activity and which are likely to affect the competitiveness and market conditions of SMEs. Its application is recommended as early as possible, from the moment the need to intervene in a given sector or activity is proposed and during the regulation drafting procedure.