They require an agency, such as a law society, that has overall regulatory power over a profession or industry to sponsor their creation. (slaw.ca)
The delegation to the Superintendent of any powers or duties of a person who has supervisory or regulatory powers under the pension benefits legislation of the designated jurisdiction. (ontario.ca)
If the government really wants to help the American economy it would set up an insurance fund for states and municipalities, with regulatory power to insist on adequate financing rather than borrowing. (michael-hudson.com)