Regulatory authorities are government agencies responsible for creating and enforcing rules that ensure safety, fairness, and compliance in various industries. They oversee sectors like finance, healthcare, and environmental protection, making sure that companies follow laws designed to protect the public and the environment. Examples of regulatory authorities include the Food and Drug Administration (FDA) and the Securities and Exchange Commission (SEC). These agencies conduct inspections, issue licenses, and impose penalties for violations. By monitoring businesses and enforcing regulations, regulatory authorities help maintain trust in markets and protect consumers from harmful practices. Their work is essential for a well-functioning society.