regulation

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Regulation

The set of rules and legislation governing certain actions. For example, the U.S. Tax Code and the rules the IRS publishes regulate federal taxation in the United States. In securities, regulations often require companies to disclose their actions to see to it that as much information as possible is publicly available. Other regulations govern business practices; for example they may set minimum or maximum wages and salaries, prohibit discrimination on certain grounds, and/or ban certain policies or practices deemed unfair for consumers or competitors. While nearly everyone agrees that some regulations are necessary, there is significant disagreement as to how many and what kind. Proponents of more regulation state that it ensures a fair market place and sustainable growth, while critics argue that many regulations do more harm than good.

regulation

the control of economic activities by the government or some other regulatory body, for example an industry trade association. Regulation can include PRICE CONTROLS to regulate inflation; FOREIGN EXCHANGE CONTROLS to regulate currency flows; and COMPETITION POLICY to regulate the operation of particular markets. More specific regulation may be imposed upon individual industries or activities, for example price control of denationalized industries (e.g. Oftel, which regulates telecommunication prices and Of gas which regulates gas prices in the UK); and the regulation of financial services by the BANK OF ENGLAND and the FINANCIAL SERVICES AUTHORITY. See DEREGULATION, RATE OF RETURN REGULATION.

regulation

the control of economic activities by the government or some other regulatory body, for example, an industry trade association. Regulation can include PRICE CONTROLS to regulate inflation, FOREIGN EXCHANGE CONTROLS to regulate currency flows, and COMPETITION POLICY to regulate the operation of particular markets. More specific regulation may be imposed upon individual industries or activities, for example, price control of privately owned PUBLIC UTILITIES (for example, Oftel, which regulates telecommunication prices in the UK), and the regulation of financial services by the BANK OF ENGLAND and the FINANCIAL SERVICES AUTHORITY.

There is a danger that regulators appointed to serve the interests of customers will instead serve the interests of the regulated firms (a so-called situation of‘regulatory capture’). This is particularly likely to occur when appointed regulators work with specific managers in regulated firms for a long time and are influenced by the public relations and lobbying activities of firms.

See DEREGULATION.

References in periodicals archive ?
Less than a quarter of Americans have perceived in the last two years that there is too little government regulation of business and industry, while slightly more have said regulation is about right.
Because the need for and appropriate form of government regulation are market specific, the Board believes that a "one-size-fits-all" approach to financial market regulation is inappropriate.
Although nearly three in four Republicans (73%) say there is too much government regulation of business and industry, Democrats and independents are more divided in their views.
26-27 measured the American public's overall views toward government regulation of business.
Their belief was that foundries must approach government regulations the same way they do current and potential customers--through education.
And although it's hard to think of an industry or profession in which government regulation is absent, the experience for some is more intense than for others.
Epstein literally wants a revolution in the American legal system, turning it away from its heavy emphasis on government regulation as the solution for most social ills.
Unfortunately, courts have too often, for instance, found that government regulation of the human right to own property in land may proceed unhindered so long as some discernible sliver of value remains to the landowner.
I suspect he ditched Jefferson because calling for greater government regulation of the press and more government suppression of speech was something few people would accept as a Jeffersonian principle.
PESAHWAR -- Jamaat-e-Islami (JI) FATA chapter has appreciated the efforts for establishment of local government system in tribal area under FATA Local Government Regulations 2012 and presented recommendations and proposals for making it effective and result oriented.
Responsible resident-directed care is not without limits--limits including defined standards of care, compliance with government regulations, and practical constraints on the capacity of the particular facility to accommodate individual preferences.
Yet few have adequate backup and restore processes in place to ensure they can (1) protect their data, maintain business operations and user productivity, (2) accommodate exploding data growth, and (3) ensure compliance with emerging government regulations (e.

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