A Regulatory Agency is a governmental authority responsible for overseeing and enforcing laws and regulations within specific sectors. These agencies ensure compliance with standards to protect public interests, such as health, safety, and the environment. Regulatory agencies play a crucial role in maintaining order and fairness in various industries, including finance, healthcare, and telecommunications. By monitoring practices and implementing regulations, they help prevent fraud, abuse, and other unethical behaviors, fostering trust and stability in the market.