regulation

(redirected from Regulatory processes)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
If nonprofits are to remain effective in this role, they must increase their operating efficiency; improve their accountability to donors and other constituents; successfully run the gauntlet of legal, ethical and regulatory processes; and seek proactive board members who recognize the critical role they play in the governance process.
"While the Alliance certainly maintains that there is room for improvement in state regulatory processes, we do not feel a federal charter, or an optional federal charter, would benefit our members at this time."
The bill would not change existing remedies available to injured patients, limit patient access to medical records, or change current regulatory processes. In addition, there are no plans to add new regulatory requirements, the bill sponsors said.
"Fear of litigation has driven these types of patient safety discussions behind closed doors for too long." The bill does not intend to change existing remedies available to injured patients, limit patients' access to their medical records, or change current regulatory processes. In addition, there are no plans to add new regulatory requirements, the bill's sponsors said.
"Fear of litigation has driven these types of patient safety discussions behind closed doors for too long." The bill does not intend to change existing remedies available to injured patients, to limit patients' access to their medical records, or to change current regulatory processes.
and the European Commission announced their agreement on guidelines for regulatory cooperation and improved access to each other's regulatory processes. The "Guidelines on Regulatory Cooperation and Transparency" had been under negotiation since 1999 under the Transatlantic Economic Partnership (TEP), the 1998 initiative to improve transatlantic trade.
The book is divided into four major themes: (1) Concepts of Regulation, Rules and Control, (2) Regulatory Regimes and Governance, (3) The Evolution of Regulatory Processes: Formal and Informal Mechanisms of Change, and (4) Regulation, Power and Inequality.
A second task force on capital formation and regulatory processes, headed by SEC commissioner Steven M.