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What is Regulatory Agency mean?
A regulatory agency or regulatory body, is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regulating capacity.
These are customarily set up to strengthen safety and standards, and/or to protect the public/federal from unethical business conduct in markets where there is a lack of effective competition or the potential for the undue exercise of monopoly. An autarchic supervisory agency' is a monitoring agency that is self employed from other branches or arms of the government.
Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare products Regulatory Agency in the United Kingdom; and, in the case of economic regulation, the Office of Gas and Electricity Markets and the Telecom Regulatory Authority in India.
referencePosted on 10 Jan 2025, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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