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 ?
learned about alternative ways to manage its CR internationally by considering the regulative, normative and cultural-cognitive distances to Latin America (Silbermann 2012), whereas Amway Corporation was enabled by a high resource commitment in foreign countries to successfully cope with dynamic local environments (DeVos 2013).
40) Michael Bennett McNulty, "Rehabilitating the Regulative Use of Reason: Kant on Empirical and Chemical Laws," Studies in History and Philosophy of Science Part A 54 (December 2015), p.
In order to find e-learner's personalized emotion regulative methods, three questionnaires (the Big Five, ERQ and NMR-S) are adopted.
Such a prediction has been less accurate for the regulative institutions.
The three pillars that constitute institutions are the regulative (rules), normative (norms and customs), and cultural-cognitive (cultural values and beliefs).
In regard to this, 'coordination and direction platform at the central level' is designated as the regulative factor.
It is indeed time now to shift gears to the main task of this article: using Raz's rich conception of personal autonomy in order to critique the view that contract law has, and should have, only a limited "initiative" role and that it is a rather unified body of law, which should be guided by one regulative principle.
Based on these ideas, this article studies the impact of the institutional environment on the entry mode choice for Chinese enterprises' overseas investment from three dimensions: the regulative mechanism, normative mechanism and mimetic mechanism.
In this paper, we follow Scott's (2006, p133) definition that "institutions consist of cognitive, normative, and regulative structures and activities that provide stability and meaning to social behavior".
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.