Regulation: Difference between revisions
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1. | 1. ''Law - supervision - oversight.'' | ||
The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation. | The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation. | ||
Regulation is closely related to supervision and oversight. | |||
Regulation is the most detailed structure and activity, focussing on individual firms. | |||
Supervision is a higher-level activity than regulation, with a greater emphasis on groups of similar firms, and entire markets. | |||
Oversight is the highest-level work, with even greater emphasis on the bigger picture, entire markets and related markets. | |||
2. ''Law.'' | 2. ''Law.'' | ||
| Line 9: | Line 19: | ||
3. ''European Union law''. | 3. ''European Union (EU) law''. | ||
An act of European Union (EU) law having direct effect in all member states. | An act of European Union (EU) law having direct effect in all member states. | ||
| Line 16: | Line 26: | ||
4. | 4. ''UK law - retained EU law - Brexit''. | ||
The UK was formerly a member of the EU and EU Regulations were formerly directly applicable in UK law. For example, the Capital Requirements Regulation (CRR). | |||
Following the UK's departure from the EU, the UK now has its own "onshored" versions of these Regulations. For example, the UK CRR. | |||
More generally, | |||
Many of these onshored UK versions of EU Regulations began as exact duplicates of the EU Regulations at the time. | |||
However, they have subsequently diverged, so take advice about them. | |||
5. | |||
More generally, any rule to control, direct or manage an activity, organisation or system. | |||
A 'regulation' - in this broadest sense - may or may not have legal authority. | A 'regulation' - in this broadest sense - may or may not have legal authority. | ||
| Line 24: | Line 46: | ||
== See also == | == See also == | ||
* [[Australian Financial Regulation]] | |||
* [[Australian Prudential Regulation Authority]] | |||
* [[Bank supervision]] | * [[Bank supervision]] | ||
* [[Benchmarks Regulation]] | * [[Benchmarks Regulation]] | ||
*[[Best practice]] | |||
* [[Blocking Regulation]] | * [[Blocking Regulation]] | ||
* [[Boilerplate]] | |||
* [[Brexit]] | |||
* [[Capacity]] | * [[Capacity]] | ||
* [[Capital Requirements Regulation]] (CRR) | * [[Capital Requirements Regulation]] (CRR) | ||
* [[Code]] | |||
* [[Code of practice]] | |||
*[[Competence]] | |||
* [[Competition]] | * [[Competition]] | ||
* [[Competition law]] | * [[Competition law]] | ||
*[[Compliance]] | |||
* [[Compliance risk]] | * [[Compliance risk]] | ||
* [[Conduct]] | |||
* [[Contract]] | * [[Contract]] | ||
* [[Convention]] | |||
* [[Court]] | * [[Court]] | ||
* [[Decision]] | * [[Decision]] | ||
* [[Deregulation]] | * [[Deregulation]] | ||
| Line 39: | Line 74: | ||
* [[Directive]] | * [[Directive]] | ||
* [[Edinburgh reforms]] (UK) | * [[Edinburgh reforms]] (UK) | ||
*[[Enforcement]] | |||
*[[Ethics]] | |||
* [[European Union ]] | * [[European Union ]] | ||
* [[EU Taxonomy Regulation]] | |||
* [[Financial Industry Regulatory Authority]] (FINRA) | * [[Financial Industry Regulatory Authority]] (FINRA) | ||
*[[Framework]] | |||
* [[Free market]] | * [[Free market]] | ||
* [[General Data Protection Regulation]] (GDPR) | * [[General Data Protection Regulation]] (GDPR) | ||
* [[Governance]] | *[[Good practice]] | ||
*[[Governance]] | |||
*[[Guidance]] | |||
* [[Harmonisation]] | |||
* [[Intensity]] | * [[Intensity]] | ||
* [[Interchange Fee Regulation]] | * [[Interchange Fee Regulation]] | ||
| Line 51: | Line 95: | ||
* [[Legislation]] | * [[Legislation]] | ||
* [[Market Abuse Regulation]] (MAR) | * [[Market Abuse Regulation]] (MAR) | ||
* [[Markets in crypto-assets regulation]] | |||
* [[Markets in Financial Instruments Regulation]] (MiFIR) | * [[Markets in Financial Instruments Regulation]] (MiFIR) | ||
* [[Money Market Funds Regulation]] | * [[Money Market Funds Regulation]] | ||
* [[Mixed economy]] | * [[Mixed economy]] | ||
* [[Onshore]] | |||
* [[Oversight]] | |||
* [[Payment Systems Regulator]] | * [[Payment Systems Regulator]] | ||
* [[Pensions Regulator]] | * [[Pensions Regulator]] | ||
* [[PRIIPs Regulation]] | * [[PRIIPs Regulation]] | ||
* [[Primary legislation]] | * [[Primary legislation]] | ||
*[[Principle]] | |||
* [[Private sector]] | * [[Private sector]] | ||
* [[Prospectus Regulation]] | * [[Prospectus Regulation]] | ||
| Line 63: | Line 112: | ||
* [[Prudential Regulation Authority]] (PRA) | * [[Prudential Regulation Authority]] (PRA) | ||
* [[Prudential Regulation Committee]] | * [[Prudential Regulation Committee]] | ||
* [[Rate regulation]] | * [[Rate regulation]] | ||
* [[Rate regulator]] | * [[Rate regulator]] | ||
* [[Red tape]] | *[[Red tape]] | ||
* [[Regime]] | * [[Regime]] | ||
* [[Regtech]] | * [[Regtech]] | ||
* [[Regulated market]] | |||
* [[Regulation D]] | * [[Regulation D]] | ||
* [[Regulation Q]] | * [[Regulation Q]] | ||
* [[Regulation S-K]] | * [[Regulation S-K]] | ||
* [[Regulator]] | * [[Regulator]] | ||
* [[Regulatory]] | |||
* [[Regulatory arbitrage]] | * [[Regulatory arbitrage]] | ||
* [[Regulatory capital]] | * [[Regulatory capital]] | ||
| Line 79: | Line 131: | ||
*[[Regulatory standard]] | *[[Regulatory standard]] | ||
* [[Regulatory Technical Standard]] (RTS) | * [[Regulatory Technical Standard]] (RTS) | ||
*[[Reporting]] | |||
* [[Reporting on Payment Practices and Performance Regulations]] | * [[Reporting on Payment Practices and Performance Regulations]] | ||
* [[Reputational risk]] | * [[Reputational risk]] | ||
* [[Retained EU law]] | * [[Retained EU law]] (REUL) | ||
* [[Rule]] | |||
* [[Rules]] | |||
* [[Secondary legislation]] | * [[Secondary legislation]] | ||
* [[Securities Financing Transactions Regulation]] (SFTR) | * [[Securities Financing Transactions Regulation]] (SFTR) | ||
| Line 88: | Line 144: | ||
* [[Self-regulatory organisation]] (SRO) | * [[Self-regulatory organisation]] (SRO) | ||
*[[Standard]] | *[[Standard]] | ||
*[[Standards]] | |||
*[[Supervision]] | |||
* [[Sustainable Finance Disclosure Regulation]] (SFDR) | * [[Sustainable Finance Disclosure Regulation]] (SFDR) | ||
* [[Tax]] | * [[Tax]] | ||
* [[Taxonomy Regulation]] | * [[Taxonomy Regulation]] | ||
* [[Transparency]] | * [[Transparency]] | ||
* [[UK CRR]] | |||
* [[UK EMIR]] | |||
* [[UK GDPR]] | |||
* [[UK MAR]] | |||
* [[UK MiFIR]] | |||
* [[UK Prospectus Regulation]] | |||
* [[UK Securities Financing Transactions Regulation]] (UK SFTR) | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Latest revision as of 09:56, 5 June 2024
1. Law - supervision - oversight.
The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation.
Regulation is closely related to supervision and oversight.
Regulation is the most detailed structure and activity, focussing on individual firms.
Supervision is a higher-level activity than regulation, with a greater emphasis on groups of similar firms, and entire markets.
Oversight is the highest-level work, with even greater emphasis on the bigger picture, entire markets and related markets.
2. Law.
A rule with legal force, designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency.
3. European Union (EU) law.
An act of European Union (EU) law having direct effect in all member states.
EU Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone.
4. UK law - retained EU law - Brexit.
The UK was formerly a member of the EU and EU Regulations were formerly directly applicable in UK law. For example, the Capital Requirements Regulation (CRR).
Following the UK's departure from the EU, the UK now has its own "onshored" versions of these Regulations. For example, the UK CRR.
Many of these onshored UK versions of EU Regulations began as exact duplicates of the EU Regulations at the time.
However, they have subsequently diverged, so take advice about them.
5.
More generally, any rule to control, direct or manage an activity, organisation or system.
A 'regulation' - in this broadest sense - may or may not have legal authority.
See also
- Australian Financial Regulation
- Australian Prudential Regulation Authority
- Bank supervision
- Benchmarks Regulation
- Best practice
- Blocking Regulation
- Boilerplate
- Brexit
- Capacity
- Capital Requirements Regulation (CRR)
- Code
- Code of practice
- Competence
- Competition
- Competition law
- Compliance
- Compliance risk
- Conduct
- Contract
- Convention
- Court
- Decision
- Deregulation
- Developments in corporate and market regulation: implications for the treasurer
- Directive
- Edinburgh reforms (UK)
- Enforcement
- Ethics
- European Union
- EU Taxonomy Regulation
- Financial Industry Regulatory Authority (FINRA)
- Framework
- Free market
- General Data Protection Regulation (GDPR)
- Good practice
- Governance
- Guidance
- Harmonisation
- Intensity
- Interchange Fee Regulation
- Investment Firms Regulation
- Jurisdiction
- Law
- Legislation
- Market Abuse Regulation (MAR)
- Markets in crypto-assets regulation
- Markets in Financial Instruments Regulation (MiFIR)
- Money Market Funds Regulation
- Mixed economy
- Onshore
- Oversight
- Payment Systems Regulator
- Pensions Regulator
- PRIIPs Regulation
- Primary legislation
- Principle
- Private sector
- Prospectus Regulation
- Prudential regulation
- Prudential Regulation Authority (PRA)
- Prudential Regulation Committee
- Rate regulation
- Rate regulator
- Red tape
- Regime
- Regtech
- Regulated market
- Regulation D
- Regulation Q
- Regulation S-K
- Regulator
- Regulatory
- Regulatory arbitrage
- Regulatory capital
- Regulatory deferral account
- Regulatory News Service
- Regulatory risk
- Regulatory standard
- Regulatory Technical Standard (RTS)
- Reporting
- Reporting on Payment Practices and Performance Regulations
- Reputational risk
- Retained EU law (REUL)
- Rule
- Rules
