Regulatory model

A regulatory model is a framework that guides how governments and organizations set and enforce rules to ensure products, services, and practices are safe, fair, and lawful. It outlines the processes for creating standards, monitoring compliance, and taking action against violations. Essentially, it helps maintain order and protect public interest by ensuring stakeholders follow established guidelines. This model balances oversight with innovation, aiming to foster a trustworthy environment where businesses and consumers can interact confidently.