Regulatory requirements are rules and guidelines established by government agencies to ensure that organizations operate safely, ethically, and in compliance with the law. These requirements can vary by industry and may cover areas such as environmental protection, workplace safety, and financial reporting. Organizations must adhere to these regulations to avoid penalties and maintain their licenses to operate. Compliance with regulatory requirements often involves regular reporting, audits, and inspections. For example, companies in the healthcare sector must follow strict HIPAA regulations to protect patient information. Meeting these requirements helps build trust with customers and stakeholders while promoting fair competition in the marketplace.