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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 ?
Henry Waxman, D-Los Angeles, who has introduced legislation to cut emissions by 80 percent by 2050, argued that Congress has already given the EPA authority to regulate carbon dioxide.
Justice Antonin Scalia was skeptical that states had the legal standing to challenge the EPA's decision not to regulate emissions.
Under the Clinical Laboratory Improvement Act (CLIA), the government also regulates labs that do interstate business.
As these examples demonstrate, Washington relies on deregulation and market forces to regulate and organize core complex, capital-intensive industries.
If Washington secures the ability to regulate the insurance industry, it is more than probable that taxpayers will have to fund a bailout if the federal government continues its history of mismanaging complex businesses.
As Chief Justice William Rehnquist responded to claims of expansive federal powers under the commerce clause in Lopez, ``If we were to accept the government's arguments, we are hard pressed to posit any activity by an individual that Congress is without power to regulate.
The court has held that the government cannot restrict or regulate the content of a speech or speaker's message.
In attempts to create policy to address this issue, universities have amended student code handbooks to restrict or regulate hate speech on campus.
Select Drug Targets That Regulate Adipocytes or Their Signals
Several reports in the literature, however, suggest that AhR regulates proliferation and differentiation of many cell types (2-5).
Similarly, regulating P under RBRVS, taken alone, may not produce any savings (lowering growth in TC) unless one also regulates Q or, what is effectively the same thing, regulates TC.