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what are statutory regulation?

statutory regulation

When a financial market or industry is controlled by a government organization, such as the Securities and Exchange Commission in the US, rather than being allowed to control itself.FAM

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12y ago
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1w ago

Statutory regulations are rules and standards implemented by a government authority based on laws passed by the legislature. These regulations have a legally binding effect and are enforceable by law. They aim to ensure compliance with specific legal requirements or standards in various areas such as safety, health, environment, and employment.

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