What does regulatory agency mean?
Definitions for regulatory agency
reg·u·la·to·ry agen·cy
This dictionary definitions page includes all the possible meanings, example usage and translations of the word regulatory agency.
Princeton's WordNet
regulatory agency, regulatory authoritynoun
a governmental agency that regulates businesses in the public interest
Wikipedia
Regulatory agency
A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regulating capacity. These are customarily set up to strengthen safety and standards, and/or to protect consumers in markets where there is a lack of effective competition. Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare products Regulatory Agency in the United Kingdom; and, in the case of economic regulation, the Office of Gas and Electricity Markets and the Telecom Regulatory Authority in India.
ChatGPT
regulatory agency
A regulatory agency is a government body responsible for controlling or supervising activities in a particular sector or area, usually in the public interest. These agencies enact and enforce laws, regulations, standards, or guidelines related to certain behaviors or practices. The areas of oversight can include sectors such as finance, health and safety, environment, and commerce, among others. They generally operate independently of the government departments that create them.
Wikidata
Regulatory agency
A regulatory agency is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government. Regulatory agencies deal in the area of administrative law—regulation or rulemaking. The existence of independent regulatory agencies is justified by the complexity of certain regulatory and supervisory tasks that require expertise, the need for rapid implementation of public authority in certain sectors, and the drawbacks of political interference. Some independent regulatory agencies perform investigations or audits, and some are authorized to fine the relevant parties and order certain measures. Regulatory agencies are usually a part of the executive branch of the government, or they have statutory authority to perform their functions with oversight from the legislative branch. Their actions are generally open to legal review. Regulatory authorities are commonly set up to enforce standards and safety, or to oversee use of public goods and regulate commerce. Examples of regulatory agencies are the Interstate Commerce Commission and U.S. Food and Drug Administration in the United States, Ofcom in the United Kingdom, and the TRAI in India.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of regulatory agency in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of regulatory agency in Pythagorean Numerology is: 8
Translations for regulatory agency
From our Multilingual Translation Dictionary
- 監管機構Chinese
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"regulatory agency." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/regulatory+agency>.
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