1. The safety certificate should set out the railway company's safety requirements and ensure the safety of services on the routes it operates. In order to obtain a safety certificate, the company would need to comply with regulations laying down the technical and operational requirements specific to the rail services being provided. Notes 1. Several empirical studies, notably at the OECD, have emphasised the cost of excessive regulation for economic performance. See, for instance;Conway;organisation, funding decisions, legal structure and decision-making from any infrastructure manager or carrier,2002
2. Regulation and Investment;Alberto Alesina;Journal of the European Economic Association,2005