Regulatory Body

A regulatory body is an organization that oversees and enforces rules within a specific industry or profession to ensure safety, fairness, and standards are maintained. It sets guidelines, issues licenses or certifications, and monitors compliance to protect the public interest. For example, a financial regulator oversees banks and financial institutions, ensuring they operate honestly and securely. These bodies can impose penalties or take corrective actions if rules are broken, helping to maintain trust and integrity in the industry or profession.