Regulatory Authority (Noun)
Meaning
A governmental agency that regulates businesses in the public interest.
Classification
Nouns denoting groupings of people or objects.
Examples
- The Federal Trade Commission is the primary regulatory authority for enforcing antitrust laws in the United States.
- As the country's regulatory authority for telecommunications, the agency is responsible for overseeing the installation and maintenance of the national broadband network.
- The new energy policy designates the ministry as the regulatory authority for all companies involved in the production and distribution of fossil fuels.
- Under the new law, the regulatory authority for national banks has been transferred from the ministry of finance to the national banking commission.
- As the regulatory authority for all financial institutions, the securities commission is responsible for enforcing regulations to protect investors and maintain fair and efficient markets.