Definition of «regulatory bodies»

Regulatory bodies are organizations or agencies that have been established to oversee and regulate specific industries, sectors or activities. Their primary function is to ensure compliance with laws, rules, standards and guidelines in order to protect public interest, safety and health. These bodies may also set licensing requirements for professionals or businesses operating within their jurisdiction, enforce penalties for non-compliance, and develop policies and procedures to promote fair competition and consumer protection. Examples of regulatory bodies include financial services authorities such as the Securities and Exchange Commission (SEC), healthcare organizations like the Food and Drug Administration (FDA) or telecommunications regulators like the Federal Communications Commission (FCC).

Sentences with «regulatory bodies»

  • In other words, it's not the place of regulatory bodies to make the law, but to enforce it. (pcgamer.com)
  • Find out about your state's tort or no - fault system by contacting your state's insurance regulatory body for consumer information. (carinsurance.com)
  • You may also contact the insurance regulatory body in the province where you reside. (travelguard.ca)
  • (see all sentences)
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