Regulation: Difference between revisions
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2. ''Law.'' | 2. ''Law.'' | ||
A rule designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency. | A rule with legal force, designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency. | ||
Revision as of 06:47, 11 March 2015
1.
The official control of markets or of other activities, usually by a system of rules, often including primary or secondary legislation.
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 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.
More generally, a rule to control, direct or manage an activity, organisation or system.
A 'regulation' - in this broadest sense - may or may not have legal authority.
