Regulatory Reform
/ˌrɛɡjʊˈleɪtəri rɪˈfɔːrm/
Definitions
- (n.) The process of reviewing and amending existing laws and regulations to improve efficiency, reduce complexity, or adapt to new circumstances.
The government initiated regulatory reform to simplify the business licensing process.
- (n.) A policy initiative aimed at reducing regulatory burdens affecting specific sectors or the economy as a whole.
Regulatory reform in the financial sector aimed to enhance transparency and protect consumers.
Related terms
See also
Commentary
Regulatory reform typically focuses on systematic improvements to the regulatory framework rather than ad hoc changes; clarity in scope—whether sector-specific or general—is important when drafting or discussing.
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.