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.
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 ?
"They seem to use the word 'regular' when they really mean 'small' or 'medium'.
LEFT-REGULAR PERMUTATIONS OF F-EXTENSIONS Similarly to the right regular case we have
* Non-regular workers tend to be less educated, as only 12.1% have a university degree compared to 31.4% for regular workers (Panel C).
In the first five months of the year, average regular wages increased 2.29 percent from a year earlier to NT$41,641, the DGBAS said.
Senator Nancy Binay, meanwhile, attended 60 plenary sessions of the third regular session, having missed one session day due to an official mission abroad.
However, the government's recent change in its view, expanding regular admissions has become confusing to parents and students.
In Japan, the non-regulars called 'dispatched workers' and 'part-time workers' are able to either join existing unions of the regulars or form unions of their own.
The Parliamentary Committee on Social and Labor Affairs is reviewing a proposal for phasing out the so-called extended regular working hours for medical personnel.
The single fee for 9th grade private students (arts group) would be Rs 1095 and regular students Rs 650.
MUSCAT: Changing from super graded petrol to regular will not affect one's vehicle performance, automobile engineers and mechanics said, even as some were of the view that it could cause wear and tear of the engine in the long run.
quasi regular if all elements of N(S)) are left quasi regular.