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. | |||
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, | 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 32: | Line 54: | ||
* [[Blocking Regulation]] | * [[Blocking Regulation]] | ||
* [[Boilerplate]] | * [[Boilerplate]] | ||
* [[Brexit]] | |||
* [[Capacity]] | * [[Capacity]] | ||
* [[Capital Requirements Regulation]] (CRR) | * [[Capital Requirements Regulation]] (CRR) | ||
| Line 43: | Line 64: | ||
*[[Compliance]] | *[[Compliance]] | ||
* [[Compliance risk]] | * [[Compliance risk]] | ||
* [[Conduct]] | |||
* [[Contract]] | * [[Contract]] | ||
* [[Convention]] | * [[Convention]] | ||
* [[Court]] | * [[Court]] | ||
* [[Decision]] | * [[Decision]] | ||
| Line 52: | Line 73: | ||
* [[Developments in corporate and market regulation: implications for the treasurer]] | * [[Developments in corporate and market regulation: implications for the treasurer]] | ||
* [[Directive]] | * [[Directive]] | ||
* [[Dual-regulated]] | |||
* [[Dual-regulated firm]] | |||
* [[Edinburgh reforms]] (UK) | * [[Edinburgh reforms]] (UK) | ||
*[[Enforcement]] | *[[Enforcement]] | ||
| Line 57: | Line 80: | ||
* [[European Union ]] | * [[European Union ]] | ||
* [[EU Taxonomy Regulation]] | * [[EU Taxonomy Regulation]] | ||
* [[Financial Industry Regulatory Authority]] (FINRA) | * [[Financial Industry Regulatory Authority]] (FINRA) | ||
| Line 66: | Line 88: | ||
*[[Governance]] | *[[Governance]] | ||
*[[Guidance]] | *[[Guidance]] | ||
* [[Harmonisation]] | |||
* [[Intensity]] | * [[Intensity]] | ||
| Line 79: | Line 101: | ||
* [[Money Market Funds Regulation]] | * [[Money Market Funds Regulation]] | ||
* [[Mixed economy]] | * [[Mixed economy]] | ||
* [[Onshore]] | |||
* [[Oversight]] | |||
* [[Payment Systems Regulator]] | * [[Payment Systems Regulator]] | ||
| Line 91: | Line 114: | ||
* [[Prudential Regulation Authority]] (PRA) | * [[Prudential Regulation Authority]] (PRA) | ||
* [[Prudential Regulation Committee]] | * [[Prudential Regulation Committee]] | ||
* [[Rate regulation]] | * [[Rate regulation]] | ||
| Line 114: | Line 136: | ||
* [[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]] | * [[Rule]] | ||
* [[Rules]] | * [[Rules]] | ||
* [[Secondary legislation]] | * [[Secondary legislation]] | ||
| Line 128: | Line 149: | ||
*[[Supervision]] | *[[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 Prospectus Regulation]] | ||
* [[UK Securities Financing Transactions 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 16:38, 21 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
- Dual-regulated
- Dual-regulated firm
- 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
