Regulatory Associations
Regulatory associations are organizations that establish and enforce rules and standards within specific industries. They aim to protect public interests, ensure safety, and promote fair practices. Examples include the Food and Drug Administration (FDA) in the United States, which oversees food safety and pharmaceuticals, and the Securities and Exchange Commission (SEC), which regulates the securities industry.
These associations often provide guidance, conduct inspections, and facilitate compliance among businesses. They may also offer training and resources to help organizations understand and meet regulatory requirements. By doing so, regulatory associations contribute to maintaining trust and integrity in various sectors.