Definition: are a form of limitations forced on the operations of a company according to the requirements presented by a regulatory agency. In a basic sense, a regulation is a legal rule that covers a particular social or economic activity of a company. The primary purpose of this mechanism is to ensure the existence of safe, high-quality company services without affecting the overall running and development of a business. Usually, regulatory controls are imposed on firms that deal with alcohol, prescription medication, and food sales and exist in the form of advanced notices, proposed and final regulations.
In a Sentence:
A number of commonwealth countries have imposed regulatory controls on the companies working in the oil and gas industry to limit the damage they deal to the environment.
The data center’s calculations are done on the basis of compliance by the national regulatory controls and accomplishing the satisfaction of the market’s needs and demands.
The local regulatory agency is known to be very strict in enforcing regulatory controls to firms that sell alcoholic beverages.
Synonyms and related words: quality assurance, quality control, regulatory standards, regulatory consolidation, regulatory agency