regulation

(redirected from regulatory)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to regulatory: Regulatory law, Regulatory Agencies

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 ?
- Regulatory Analysis - Policy 5: PPA for Power Plants
They shall also be subject to the audit and review in the next regulatory reset to determine if further refunds are in order, it said.
The reply came after PTI leader Jehangir Khan Tareen last Wednesday withdrawn his petition he filed in the Lahore High Court (LHC) in 2017 against the then government's decision to transfer the control of five regulatory bodies to their respective ministries.
Regulatory review of product regulation involves not only the timing but also the scope of regulatory review (e.g., the extent of products, documents, input/output factors that may be considered.) Thus, in product regulation, compensatory and targeted coupling strategies may be more relevant depending on the predictability of the timing and scope of regulatory review.
New markets often come with new regulatory agencies and mandates that might be unknown to the organization.
The grant of regulatory relief is impliedly authorized under Section 437, paragraph 3 of the Amended Insurance Code.
The American Coatings Association (ACA) has supported regulatory reform efforts with the belief that regulations should net commensurate environmental and/or safety and health benefits to justify their burden, and should always be supported by sound science and reason.
The regulatory duty imposed on Oct 16 was reduced to zero per cent on 14 items falling under 81 tariff lines.
While talking to the Paliamentarians in National Assembly in a over three hour long meeting, the LCCI President Malik Tahir Javaid said that Regulatory Duty is nothing else but death knell for all sectors of economy.
He said that the impose regulatory duty will only destroy all the sectors of the economy.
ISLAMABAD -- In a bid to contain the ballooning bill of imported goods, the federal government has enhanced by up to 350% the regulatory duties on 356 essential and luxury items.
The Qatar Financial Centre Regulatory Authority (QFC Regulatory Authority) has signed a Memorandum of Understanding (MoU) with the Capital Markets Authority (CMA) of Kuwait.