Regulatory agency

A Regulatory agency (pronunciation: /ˈrɛɡjʊˌleɪtəri ˈeɪdʒənsi/), also known as a regulatory authority or governmental regulatory body, is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.

Etymology

The term "regulatory agency" is derived from the verb "regulate", which originates from the Latin 'regulare' meaning 'to control by rule, direct'. The term "agency" comes from the Latin 'agentia', from 'agens', agentis' meaning 'doing, performing'.

Function

A Regulatory agency is typically a part of the executive branch of the government, and has statutory authority to perform its functions with oversight from the legislative branch. Its primary function is to enforce specific regulations related to an area of the law, such as health and safety regulations, financial regulations, or environmental regulations.

Related Terms

Regulation: A rule or directive made and maintained by an authority.
Government agency: A department of a local or national government responsible for the oversight and administration of specific functions.
Statutory authority: A body set up by law which is authorised to enact legislation on behalf of the relevant country or state.
Legislative branch: The part of the government that writes up and votes on laws, also called the legislature.
Executive branch: The part of government that enforces the law, and has responsibility for the governance of a state.

External links

Medical encyclopedia article on Regulatory agency
Wikipedia's article - Regulatory agency

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Regulatory agency