Definition
A Regulation is a binding set of rules or requirements established by a competent authority to govern a defined area of activity.
Human Explanation
Regulations establish rules that apply within a particular jurisdiction, sector or kind of activity.
Why it Matters
Applicable Regulations can affect how an organisation designs its Processes, products, services, controls and Decisions.
Conceptual Boundary
The term Regulation does not describe every form of Law in every jurisdiction. Its exact legal meaning, authority and applicability depend on the relevant legal system and official text.
Practical Perspective
Organisations operating across sectors or countries may be subject to several overlapping Regulations. Applicability and current requirements should be verified against official sources and qualified legal advice where appropriate.