What is a regulatory body?

A regulatory body is an organization that is tasked with creating and enforcing regulations, usually in a specific industry or sector. Regulatory bodies play an important role in protecting the public interest and ensuring that businesses operate in a fair and responsible manner.

Some common examples of regulatory bodies include:

- The Food and Drug Administration (FDA) in the United States, which regulates food, drugs, and medical devices.

- The Federal Trade Commission (FTC) in the United States, which regulates competition and consumer protection.

- The Environmental Protection Agency (EPA) in the United States, which regulates environmental protection.

- The Financial Industry Regulatory Authority (FINRA) in the United States, which regulates the securities industry.

- The European Commission in the European Union, which regulates a wide range of industries and sectors.

- The Competition and Markets Authority (CMA) in the United Kingdom, which regulates competition and consumer protection.

Regulatory bodies typically have the power to investigate alleged violations of their regulations, and they can impose penalties and sanctions on businesses that are found to be in breach. In some cases, regulatory bodies can also require businesses to take certain actions to comply with their regulations.