Regulatory agency

Regulatory agency

A Regulatory agency (also regulatory authority, regulatory body or regulator) is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government.

Functions[edit | edit source]

Regulatory agencies deal in the area of administrative law—regulation or rulemaking (codifying and enforcing rules and regulations and imposing supervision or oversight for the benefit of the public at large). The existence of independent regulatory agencies is justified by the complexity of certain regulatory and supervisory tasks that require expertise, the need for rapid implementation of public authority in certain sectors, and the drawbacks of political interference. Some independent regulatory agencies perform investigations or audits, and some are authorized to fine the relevant parties and order certain measures.

Examples[edit | edit source]

Examples of regulatory agencies include the Federal Communications Commission (FCC) in the United States, the Federal Financial Supervisory Authority (BaFin) in Germany, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Conduct Authority in the United Kingdom.

References[edit | edit source]

External links[edit | edit source]

Regulation Body Examples

Regulatory agency Resources
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