- 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.
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.
Regulatory agencies are usually a part of the executive branch of the government, or they have statutory authority to perform their functions with oversight from the legislative branch. Their actions are generally open to legal review. Regulatory authorities are commonly set up to enforce standards and safety, or to oversee use of public goods and regulate commerce. Examples of regulatory agencies are the Interstate Commerce Commission and U.S. Food and Drug Administration in the United States, Ofcom in the United Kingdom, and the TRAI in India.
Contents
Functioning
To ensure that it does fill its role, a regulatory agency uses mechanisms such as the following
- transparency of information and decision-making
- procedures of consultation and participation
- requirement that administrators give reasons explaining their actions
- requirement that administrators follow principles that promote non-arbitrary and responsive decisions
- arrangements for review of administrative decisions by courts or other bodies
Areas
- pee pee place regulation
- Bank regulation
- Consumer protection
- Cyber-security regulation
- Financial regulation
- Food safety and food security
- Noise regulation
- Nuclear safety
- Minerals
- Occupational safety and health
- Public health
- Regulation and monitoring of pollution
- Regulation of acupuncture
- Regulation of nanotechnology
- Regulation of sport
- Regulation of therapeutic goods
- Regulation through litigation
- Telecommunication
- Vehicle regulation
- Regulation of ship pollution in the United States
- Regulation and prevalence of homeopathy
- Regulation of science
- Wage regulation
See also
- Civil service commission
- Code of Federal Regulations
- Constitutional economics
- Crown corporation
- Deregulation
- Election management body
- European Community regulation
- Federal agency
- Government agency
- Government-owned corporation
- Independent agencies of the United States government
- Independent regulatory agencies in Turkey
- International regulation
- Law enforcement agency
- Liberalization
- List of regulators in the United Kingdom
- Non-departmental public body
- Public administration
- Public utilities commission
- Quango
- Quasi-judicial body
- Regulation school
- Regulatory compliance
- Regulatory economics
- Special-purpose district
- Statutory authority
- Statutory corporation
- Public bodies
References
Categories:- Administrative law
- Types of government agencies
- Government institutions
Wikimedia Foundation. 2010.
См. также в других словарях:
regulatory agency — regulatory agency/authority/body ► [C] an official organization that is responsible for checking whether a business is working legally and according to rules or laws: »Any regulatory agency can shut down a project if it does not meet health and… … Financial and business terms
regulatory agency — see agency 4 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
regulatory agency — 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… … Universalium
regulatory agency — noun a governmental agency that regulates businesses in the public interest • Syn: ↑regulatory authority • Hypernyms: ↑administrative unit, ↑administrative body … Useful english dictionary
regulatory agency — See administrative agency … Black's law dictionary
regulatory agency/authority/body — ► [C] an official organization that is responsible for checking whether a business is working legally and according to rules or laws: »Any regulatory agency can shut down a project if it does not meet health and safety standards. »Regulatory… … Financial and business terms
Medicines and Healthcare products Regulatory Agency — The logo of the MHRA. The Medicines and Healthcare products Regulatory Agency (MHRA) is the UK government agency which is responsible for ensuring that medicines and medical devices work and are acceptably safe. The agency was formed on 1 April… … Wikipedia
Independent regulatory agency — An independent regulatory agency is a public authority with independence from other bodies in any other branches of the state, autonomous and regulatory competence that operate in sensitive spheres of public life such as the protection of… … Wikipedia
Moldovan Regulatory Agency for Electronic Communications and Information Technology — National Regulatory Agency for Electronic Communications and Information Technology (ANRCETI) is a central public regulatory authority for telecommunications and informatics services in Moldova.The Agency exercises its regulatory functions in… … Wikipedia
National Regulatory Agency for Electronic Communications and Information Technology of the Republic of Moldova — National Regulatory Agency for Electronic Communications and Information Technology (ANRCETI) is a central public regulatory authority for telecommunications and informatics services in Moldova. The Agency exercises its regulatory functions in… … Wikipedia
