Sectoral Regulators

Sectoral regulators are specialized government agencies tasked with overseeing specific industries or sectors, such as telecommunications, energy, or finance. Their primary role is to ensure fair competition, protect consumer rights, and maintain safety and standards within the industry. By setting rules and monitoring compliance, these regulators help create a stable environment where businesses can operate while safeguarding public interests. Examples include the Federal Communications Commission (FCC) in the U.S. for communications and the Energy Regulatory Commission for electricity and gas. Ultimately, sectoral regulators play a crucial role in balancing business growth and consumer protection.