regulatory agency

English - Turkish

Definition of regulatory agency in English Turkish dictionary

(Ticaret) fiyat düzenleme kurulu

Related Terms

banking regulatory and supervisory agency

Bankacılık Düzenleme ve Denetleme Kurumu

English - English

Definition of regulatory agency in English English dictionary

(Kanun) 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 exclusively in the U.S. The theory is that a commission of experts on the industry being regulated is better equipped to regulate it than the legislature or executive departments. Designed to operate with a minimum of executive or legislative supervision, agencies have executive, legislative, and judicial functions, and their regulations have the force of law. Important regulatory agencies include the Food and Drug Administration, OSHA, the Federal Communications Commission, and the Securities and Exchange Commission

a governmental agency that regulates businesses in the public interest

Hyphenation

regulatory a·gen·cy

Turkish pronunciation

regyılıtôri eycınsi

Pronunciation

/ˈregyələˌtôrē ˈāʤənsē/ /ˈrɛɡjələˌtɔːriː ˈeɪʤənsiː/

Etymology

[ 're-gy&-"lAt ] (transitive verb.) 15th century. Middle English, from Late Latin regulatus, past participle of regulare, from Latin regula rule.