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Regulation in the social, political, psychological, and economic domains can take many forms: legal restrictions promulgated by a government authority, contractual obligations (for example, contracts between insurers and their insureds [1]), self-regulation in psychology, social regulation (e.g. norms), co-regulation, third-party regulation, certification, accreditation or market regulation.
Regulation in this sense approaches the ideal of an accepted standard of ethics for a given activity to promote the best interests of those participating as well as the continuation of the activity itself within specified limits. In America, throughout the 18th and 19th centuries, the government engaged in substantial regulation of the economy.
Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare products Regulatory Agency in the United Kingdom; and, in the case of economic regulation, the Office of Gas and Electricity Markets and the Telecom Regulatory Authority in India.
The agency protects market participants against manipulation, abusive trade practices, and fraud. Through oversight and regulation, the CFTC enables the markets to serve better their important functions in the US economy, providing a mechanism for price discovery and a means of offsetting price risk.
However, most executive branch and judicial branch [citation needed] regulations must originate in a congressional grant of power. See also: Executive orders issued by the President; Code of Federal Regulations for rules issued by executive branch departments and administrative agencies; and the Federal Rules of Civil Procedure of the federal ...
Government regulation of business is dominating the headlines these days, with the Department of Justice and dozens of states trying to break up music promoter Live Nation, a blizzard of recent ...
The court further clarified, however, that a regulation is not a taking if it is consistent with "restrictions that background principles of the State's law of property and nuisance already placed upon ownership." As an example of "background principles," the court referred to the right of government to prevent flooding of others' property.
The Securities and Exchange Commission was founded on principles of transparency, fairness, full disclosure, and stable regulation, taking into account the economic impact of its regulations and ...