👽REGULATORY BODIES👽 A R egulatory Body (also regulatory authority , regulatory agency or regulator ) is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government. Regulatory authorities are commonly set up to enforce safety and standards, and/or to protect consumers in markets where there is a lack of effective competition or the potential for the undue exercise of market power. Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare Products Regulatory Agency in the United Kingdom . SOURCE : WIKIPEDIA Although regulatory affairs is the mai
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