A Regulatory Authority is a government or independent organization responsible for overseeing and enforcing laws and regulations within a specific industry or sector. These authorities ensure that businesses and organizations comply with established standards to protect public interests, such as safety, health, and the environment. For example, the Food and Drug Administration (FDA) regulates food safety and pharmaceuticals in the United States. These authorities often have the power to create rules, conduct inspections, and impose penalties for non-compliance. By doing so, they help maintain fair practices and promote consumer confidence. An example of a regulatory authority is the Environmental Protection Agency (EPA), which focuses on protecting the environment and public health.