Regulation

Regulation refers to the set of rules or directives made and maintained by an authority to control or govern conduct within a specific area. It typically involves the establishment of standards and guidelines to ensure compliance and to maintain order, safety, fairness, and integrity within various sectors such as finance, health, environment, and industry. Regulations can be enacted by governments, regulatory agencies, or other official bodies and are meant to protect public interests, enhance accountability, and promote ethical practices. They may include requirements for licensing, reporting, operational procedures, and penalties for non-compliance.