Statutory Regulation
/ˈstætʃuˌtɔːri ˌrɛgjʊˈleɪʃən/
Definitions
- (n.) A rule or directive issued by a legislative authority that governs conduct within its jurisdiction.
The company must comply with the new statutory regulations enacted by the government.
- (n.) The body of laws and rules formally passed by legislature to regulate behavior and procedures.
Statutory regulation requires all businesses to maintain transparent financial records.
Forms
- statutory regulation
- statutory regulations
Related terms
See also
Commentary
Statutory regulation specifically refers to legal rules established by legislation, as distinct from administrative or common law regulations; careful drafting distinguishes statutory regulations' scope and enforcement mechanisms.
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.