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 ?
While regulative rules are parts of regulative institutions, social rules are components of normative institutions.
2004), we focus on two dimensions: Regulative distance (formal) and cultural distance (informal).
For all this distinctiveness of particular expression, however, Newman views each of these dimensions as being bound in necessary relationship with each other, as being accountable to each other and so mutually correcting their own respective potential distortions (of piety into superstition, of the intellectual into rationalism, and of the regulative into authoritarianism).
Comparatively speaking, the conceptualisation of the regulative dimension by Scott has a higher accuracy than the coercive mechanism proposed by DiMaggio and Powell because of the two elements, i.
Our paper illustrates how entrepreneurs were able to create and foster a community through cognitive, normative, and regulative forces.
Yet too much emphasis on regulative competencies diminishes the organization's ability to collaborate across agencies to meet greater demands.
He believes that due to all this, a legal regulative is needed although this could present a double-edged sword".
We have no option but to encourage them to produce more by providing them regulative prices," Mukherjee said.
While the ongoing reduction of line losses allowed a stabilization of operating trends in the Fixed Net segment, Mobile Communication continues to be impacted by a fierce competitive environment combined with regulative interventions, the company said.
In Nova Makedonija Vladimir Nikolovski says that it is distasteful for the biggest opposition party to just now demand a regulative which will prevent the expiry of the crime acts related to the privatization because most of these acts are already outdated.
One can use letters to regulate relationships or to express emotion or to describe daily life, categories of epistolary discourse that Gerber labels as regulative, expressive, and descriptive.
For instance," he notes, "even the last paper on geometry appeals to regulative constraints on the concepts that we can admit in natural science, for the latter must always be chosen so as to permit maximally general statements of physical laws.