Business Dictionary
Regulation
Definition
A rule or directive made and maintained by an authority.
Deep Dive
A regulation is an official rule or directive made and maintained by an authority, such as a government, an international body, or an industry-specific agency. These rules are designed to control, guide, or supervise the conduct of individuals, organizations, or industries to achieve specific policy objectives. Common goals include protecting public health and safety, ensuring fair competition, safeguarding the environment, promoting economic stability, or protecting consumer rights.
Examples & Use Cases
- 1The Food and Drug Administration (FDA) regulations governing the approval and marketing of new drugs
- 2Environmental Protection Agency (EPA) rules setting limits on industrial air and water pollution
- 3Banking regulations established by central banks to ensure financial stability and consumer protection
Related Terms
ComplianceLegislationStandards