History of the Statutory Regulations
As of 1 April 2018, the statutory regulations have been brought inline with the PPRS. The previous statutory regulations imposed a 15% price cut to the NHS list price of prescription-only medicines (POMs) that existed on 1 December 2013, coupled with a price freeze based on sales prices as at 1 December 2013. Unlike the PPRS, the statutory regulations can change at any time, subject to parliamentary approval. This section provides an overview of the changes made to the statutory regulations, following the consultations to help companies understand how the current statutory regulations came to be.