What is a regulatory body in government? 🔊
A regulatory body in government is an agency or organization authorized to create and enforce rules and regulations in specific sectors or industries. These bodies ensure compliance with laws, promote public interest, and protect consumers and the environment. Regulatory bodies may oversee areas such as finance, healthcare, telecommunications, and energy. Their roles often include monitoring performance, enforcing standards, and investigating violations. By establishing regulatory frameworks, these agencies aim to maintain order, fairness, and safety within their respective domains, contributing to overall governance.
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