Supervisory Authorities are organizations or government bodies responsible for overseeing and regulating specific sectors, ensuring compliance with laws and regulations. They play a crucial role in maintaining standards, protecting public interests, and promoting fair practices within industries such as finance, healthcare, and telecommunications. These authorities often have the power to issue licenses, conduct inspections, and enforce penalties for non-compliance. Examples include the Federal Reserve in the United States for banking, the Food and Drug Administration (FDA) for food and drug safety, and the European Data Protection Board (EDPB) for data protection and privacy regulations.