IPReg has always had an outcomes-focused approach to regulation (OFR). This is a regulatory regime that focuses on the high level principles and outcomes that should form the operational foundation for regulated firms in their provision of services to clients.

This principles-based approach underpins the Code of Conduct and avoids the setting of detailed or prescriptive rules whenever possible.

IPReg’s core message since 2010 has been:

“High-level regulation” of “a well-run and self-regulating profession.”

IPReg also adopts this OFR approach in relation to risk assessment, assurance and (where necessary) supervision.

Follow this link to IPReg’s Assurance Policy

If you have any issue with your practice that is causing you any concern, and you feel that guidance or advice from our Assurance Officer would be helpful, please do not hesitate to contact us