Authority

1. Law - contract - agency - treasury controls.

A general level of powers granted or delegated to an individual - or an organisation - to make decisions or conclude transactions.

2. Law - contract - agency - treasury controls.

A power accorded to carry out a particular transaction.

3. Regulation - supervision - law enforcement.

A body that has regulatory, supervisory, or other responsibilities, together with the necessary powers to carry them out.

See also

• Agent
• Authorisation
• Authority limits
• Competition authority
• European Securities and Markets Authority (ESMA)
• Monetary authority
• Ostensible authority
• Rogue trader
• Ultra vires