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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 ?
Senatorial bets Shariff Albani, Gerald Arcega, and Evelyn Mallillin agreed on the idea that social media should be regulated.
As the PRV models evaluated were classified as ordinary pressure regulators, the mean regulated pressure ([bar.p]) shall not deviate from the declared preset pressure by more than 7%, and the coefficient of variation shall not be greater than 10% [8].
Second, most business checking account balances are held in larger, regulated banks.
In Berro's view, allowing the distribution of regulated CABs is safer than the alternatives that might be sought by a night clubber or partygoer.
The relationship between motivational believes and self regulated Learning strategies and school achievement in in 3th grade middle-school students (pp.1-40).
The commissioners refer to the intention by France not to extend beyond a transitional phase those regulated prices for large and medium-sized companies.
In 2007, there were more than 332,000 regulated nurses working in Canada, according to data collected as nurses register in their profession.
Annual rises of regulated fares, which make up about 60 per cent of all train fares, are linked to a formula of retail price index (RPI) inflation plus one per cent.
Consumer watchdogs warned commuters they would "shudder and shiver" at the hikes, which impacted on regulated fares, such as annual season tickets, as well as unregulated fares, including off-peak tickets.
3 : to bring order or method to <The program is regulated well.>
Downed trees, tree limbs, branches and other woody debris generated by recent rain and ice storms within Massachusetts's 63-square mile Asian Longhorned Beetle (ALB) regulated area must be handled in keeping with federal and state rules that protect against the spread of the damaging invasive insect.
Summary: The Dubai Financial Services Authority (DFSA) licensed its 300th regulated firm in the Dubai International Financial Centre (DIFC) today.