Regulation: Difference between revisions
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imported>Doug Williamson m (Added line to explain who makes the Regulation 5/2/14 as per http://ec.europa.eu/eu_law/introduction/what_regulation_en.htm) |
imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
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''European Union law''. | ''1. Law.'' | ||
Rule designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency. | |||
2. ''European Union 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. | ||
Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone. | Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone. | ||
3. | |||
More generally, a rule to control, direct or manage an activity, organisation or system. It may or may not have legal authority. | |||
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* [[Secondary legislation]] | * [[Secondary legislation]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 15:02, 26 November 2014
1. Law.
Rule designed to carry out a specific piece of legislation. Usually enforced by a regulatory agency.
2. European Union law.
An act of European Union (EU) law having direct effect in all member states.
Regulations are passed either jointly by the EU Council and European Parliament, or by the EU Commission alone.
3.
More generally, a rule to control, direct or manage an activity, organisation or system. It may or may not have legal authority.
