Regulatory Statute
/ˌrɛɡjʊˈleɪtəri ˈstætʃuːt/
Definitions
- (n.) A law or statute enacted by a governmental authority that establishes rules and regulations to control or govern conduct within specific sectors or activities.
The regulatory statute requires financial institutions to comply with anti-money laundering protocols.
- (n.) A statute that empowers administrative agencies to implement and enforce regulatory measures.
The regulatory statute includes provisions for agency inspections and penalties.
Forms
- regulatory statute
- regulatory statutes
Related terms
See also
Commentary
Often used in contexts where laws provide the framework for regulatory agencies; drafters should specify the scope and enforcement mechanisms clearly.
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.