Regulatory Duty
/ˌrɛɡjəˈleɪtəˌri ˈdjuːti/
Definitions
- (n.) An obligation imposed by law, regulation, or governmental authority requiring compliance with specified rules or standards.
Companies must fulfill their regulatory duties to avoid legal penalties.
Forms
- regulatory duty
- regulatory duties
Related terms
See also
Commentary
Regulatory duties often arise from statutes or administrative rules and require strict compliance; clear identification in contracts or corporate governance documents is advised to delineate scope and responsibility.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.