regulatory agency

regulatory agency definition - business

regulatory agency

A governmental authority charged with overseeing and supervising a particular area of economic activity. For example, the Food and Drug Administration is the regulatory agency that oversees the introduction of new pharmaceutical products.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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