REGULATORY REGIME Meaning and
Definition
-
Regulatory regime refers to a system of laws, rules, and regulations implemented by a government or regulatory authority to govern and control a specific industry or sector. It is a comprehensive framework that outlines the guidelines, requirements, and standards that organizations or individuals within the industry must adhere to in order to ensure compliance and maintain a level playing field.
The regulatory regime aims to protect the interests of consumers, maintain market stability, and promote fair competition. It sets out criteria for licensing, permits, and certifications, as well as specifying the conditions that must be met for operations within the industry. This may include guidelines for safety, environmental protection, financial stability, ethical practices, and other aspects that are critical for the industry's functioning.
The regulatory regime typically involves the establishment of regulatory bodies or agencies with specific authority and autonomy to monitor, enforce, and regulate compliance with the established rules. These bodies are responsible for overseeing the industry, conducting inspections, investigations, and audits, and imposing penalties or sanctions for non-compliance or violation of the regulations.
In summary, a regulatory regime outlines the regulatory framework and mechanisms set by the government or regulatory authority to control and supervise the operations of a particular industry or sector. It is a crucial component in ensuring transparency, accountability, and the overall well-being of both the industry and its stakeholders.
Common Misspellings for REGULATORY REGIME
- eegulatory regime
- degulatory regime
- fegulatory regime
- tegulatory regime
- 5egulatory regime
- 4egulatory regime
- rwgulatory regime
- rsgulatory regime
- rdgulatory regime
- rrgulatory regime
- r4gulatory regime
- r3gulatory regime
- refulatory regime
- revulatory regime
- rebulatory regime
- rehulatory regime
- reyulatory regime
- retulatory regime
- regylatory regime
- reghlatory regime
Etymology of REGULATORY REGIME
The word "regulatory" comes from the Latin word "regulare", which means "to control" or "to govern". It is derived from the Latin word "regula", which means "rule" or "straight edge".
The word "regime" also has Latin origins, coming from the Latin word "regimen", meaning "rule" or "government". It is derived from the Latin verb "regere", which means "to rule" or "to govern".
When combined, the term "regulatory regime" refers to a system or set of rules and regulations designed to control or govern a particular industry, organization, or activity.
Infographic
Add the infographic to your website:
