Definition, Meaning & Synonyms
regulatory authority
noun
/ˈrɛɡjʊˌleɪtᵊrɪ ɔːˈθɔːrɪti/
Definition
A regulatory authority is an organization or agency responsible for overseeing and enforcing laws and regulations within a specific industry or sector.
Examples
- The Environmental Protection Agency is a key regulatory authority for environmental laws.
- Regulatory authorities monitor financial institutions to ensure they follow industry rules.
- In healthcare, the Food and Drug Administration serves as the primary regulatory authority.
Meaning
It ensures compliance with legal standards and works to protect public interests by regulating business practices and activities.
Synonyms
- regulatory body
- supervisory agency
- governing authority
