The term "regulatory" refers to anything related to regulations or the process of governing and controlling. It is an adjective that describes something or someone that is subject to government rules, regulations, or oversight.
In a broader sense, "regulatory" encompasses the activities, laws, and policies established by government entities to ensure compliance, safety, and fairness in various industries and sectors. These regulations are typically implemented to protect the interests of individuals, businesses, or society as a whole.
In a specific industry context, "regulatory" refers to the guidelines, rules, and standards set by regulatory bodies or agencies to monitor and control the operations of organizations within that particular industry. These agencies are responsible for enforcing compliance with the established regulations to maintain a level playing field, protect consumers, and prevent fraudulent or unethical practices.
Furthermore, "regulatory" can also refer to the actions and processes undertaken by companies, professionals, or individuals to ensure compliance with the relevant regulations. This may include submitting reports, undergoing inspections, obtaining licenses or permits, or following specific protocols and procedures.
Overall, "regulatory" is an umbrella term that encompasses the rules, procedures, and oversight mechanisms established by governments or regulatory bodies to maintain order, stability, and fairness in various industries and sectors.
