regulatory authorities

Regulatory authorities are government organizations responsible for overseeing specific industries or sectors to ensure they comply with laws and regulations. Their main roles include protecting public interests, maintaining standards, and promoting fair practices. For example, in finance, they monitor banks to prevent fraud; in healthcare, they ensure medications are safe. By enforcing rules, these authorities help maintain safety, fairness, and competition, which ultimately benefits consumers and businesses alike. Examples include the Food and Drug Administration (FDA) for food and medicines, and the Securities and Exchange Commission (SEC) for the stock market.