regulatory framework
nounUK /ˌrɛɡjʊˈleɪtəri ˈfreɪmwɜːk/
US /ˈrɛɡjələˌtɔri ˈfreɪmˌwɜrk/
A set of rules that tells people and businesses what they must do.
The new regulatory framework requires all banks to report their earnings every quarter.
RELATED WORDS
OTHER MEANINGS
2. The collection of laws and agencies that supervise a particular industry.
The pharmaceutical regulatory framework ensures drugs are tested for safety before sale.
3. An organized structure of rules used by an authority to control activities.
Environmental groups welcomed the stricter regulatory framework for carbon emissions.
4. The system of official requirements that governs how an organization operates.
Startups often struggle to navigate the complex regulatory framework for data privacy.