Regulatory Obligation
/ˌrɛɡjʊˈleɪtəri ˌɒblɪˈɡeɪʃən/
Definitions
- (n.) A legal duty imposed by statutes, regulations, or administrative rules to act or refrain from acting in a specified way.
Companies must comply with every regulatory obligation to avoid fines.
Forms
- regulatory obligation
- regulatory obligations
Related terms
See also
Commentary
Typically used in contexts of compliance and administrative law; important to distinguish from contractual obligations for clarity in drafting.
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.