Regulatory Agency
A Regulatory Agency is a Government Agency that is responsible for legally approving research and other human activities that need licensing or regulations.
- AKA: Ruling Authority, Regulatory Authority, Regulatory Body.
- Example(s):
- Counter-Example(s):
- See: Dominion, Licensing, Regulation, Applicable Regulatory Requirement, Law, World Health Organization.
References
2022
- (Wikipedia, 2022) ⇒ https://en.wikipedia.org/wiki/Regulatory_agency Retrieved:2022-3-25.
- 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.
- 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.