Regulatory Bodies: Definition, Role & Examples

A regulatory body is an organization tasked with creating and enforcing regulations in a specific industry/sector to protect public interest and ensure fair, responsible business operations.

Examples

• FDA (US): Food, drugs, medical devices.
• FTC (US): Competition, consumer protection.
• EPA (US): Environmental protection.
• FINRA (US): Securities industry.
• European Commission (EU): Broad regulatory authority.
• CMA (UK): Competition, consumer protection.

Powers

Investigate violations, impose penalties/sanctions, mandate corrective actions.