Regulatory Agency

Definition

A regulatory agency is a government entity that has the authority to create and enforce rules and regulations in a specific industry or sector. These agencies are responsible for monitoring compliance, promoting fair competition, and protecting the public interest within their jurisdiction.

Related terms

Legislation: Laws created by Congress that give regulatory agencies their authority. They provide guidelines for how these agencies can regulate industries.

Compliance: The act of following or adhering to the rules and regulations set by regulatory agencies.

Enforcement: The process of ensuring that individuals or organizations comply with the rules and regulations established by regulatory agencies through inspections, penalties, or other means.