Regulation

Regulation refers to rules, guidelines, or laws set by governing bodies to ensure safety, fairness, and ethical standards in industries. It shapes behavior to protect the public interest and promote security and competition. Regulations take forms like industry standards, codes of conduct, and AI policies, often enforced through inspections, audits, and penalties. While typically set by government agencies, they can also be self-regulatory or industry-led. The regulatory process involves stakeholder consultation to ensure effectiveness and proportionality. Strong regulations help maintain compliance, trust, and accountability across sectors.

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