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regulatory agency

 
Britannica Concise Encyclopedia: regulatory agency
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Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. government in 1887, and regulatory agencies exist almost exclusively in the U.S. The theory is that a commission of experts on the industry being regulated is better equipped to regulate it than the legislature or executive departments. Designed to operate with a minimum of executive or legislative supervision, agencies have executive, legislative, and judicial functions, and their regulations have the force of law. Important regulatory agencies include the Food and Drug Administration, OSHA, the Federal Communications Commission, and the Securities and Exchange Commission.

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Business Dictionary: Regulatory Agency
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Government body responsible for control and supervision of a particular activity or area of public interest.

Law Dictionary: Regulatory Agency
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A government body responsible for control and supervision of a particular activity or area of public interest. For example, the Federal Communications Commission [FCC], in addition to its other duties, administers the laws regulating access to communication facilities such as television and radio airwaves. Regulatory agencies are also called administrative agencies.

WordNet: regulatory agency
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a government agency that regulates businesses in the public interest
  Synonym: regulatory authority

 
 

 

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Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Dictionary. Law Dictionary. Copyright © 2003 by Barron's Educational Series, Inc. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more