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A regulatory
agency (also regulatory authority, regulatory
body or regulator) is a public authority or government
agency responsible for exercising autonomous authority over some area of
human activity in a regulatory or supervisory capacity.
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An independent
regulatory agency is a regulatory agency that is independent from other
branches or arms of the government.
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Regulatory
agencies are usually a part of the executive branch of the
government, and they have statutory authority to perform their
functions with oversight from the legislative branch.
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Their
actions are generally open to legal review. Regulatory authorities are
commonly set up to enforce standards and safety or to oversee use of public
goods and regulate commerce.
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Examples
of regulatory agencies are RBI, SEBI, IRDAI, TRAI, FSSAI, CBFC etc.
List of
Regulatory Bodies (Financial & Others) and their Headquarters
Regulatory Body
|
Sector
|
Headquarter
|
RBI – Reserve Bank of India
|
Banking &
Finance, Monetary Policy
|
Mumbai
|
SEBI – Securities and Exchange Board of India
|
Securities (Stock) & Capital Market
|
Mumbai
|
IRDAI – Insurance Regulatory and Development Authority
|
Insurance
|
Hyderabad
|
PFRDA – Pension Fund Regulatory & Development Authority
|
Pension
|
New Delhi
|
NABARD – National Bank for Agriculture and Rural Development
|
Financing Rural Development
|
Mumbai
|
SIDBI – Small Industries Development Bank of India
|
Financing Micro, Small and Medium-Scale Enterprises
|
Lucknow
|
NHB – National Housing Bank
|
Financing Housing
|
New
Delhi
|
TRAI – Telecom Regulatory Authority of India
|
Telecommunication & Tariffs
|
New
Delhi
|
CBFC – Central Board of Film Certification
|
Film/TV Certification & Censorship
|
Mumbai
|
BCCI –
Board of Control for Cricket in India
|
Cricket
|
Mumbai
|
ASCI
– Advertising Standards Council of India
|
Advertising
|
Mumbai
|
BIS
– Bureau of Indian Standards
|
Standards & Certification
|
New
Delhi
|
FSSAI – Food Safety and Standards Authority
of India
|
Food
|
New
Delhi
|
FSDC – Financial Stability and Development Council
|
Financial Sector Development
|
New
Delhi
|
FIPB – Foreign Investment
Promotion Board
|
Foreign Direct Investment
|
New
Delhi
|
CDSCO-
Central Drugs Standard Control Organization
|
Pharmaceuticals
and Medical devices
|
New Delhi
|
Frequently asked:
What is difference between Statutory and Constitutional body?
Statutory
body is one created by an Act of Parliament or state Legislatures. Examples:
Reserve Bank of India under the Reserve Bank of India Act, .State Bank of India
under a similar Act. etc.
Constitutional body is a body which is formed to continue the objectives of the Constitution. Examples are Supreme and High Courts, Election Commission of india, Pay Commissions etc.
Constitutional body is a body which is formed to continue the objectives of the Constitution. Examples are Supreme and High Courts, Election Commission of india, Pay Commissions etc.
Who regulates the capital market in India?
The
Securities and Exchange Board of India (SEBI) is the regulatory
authority established under the SEBI Act 1992 and is the principal regulator
for Stock Exchanges in India. SEBI's primary functions include protecting
investor interests, promoting and regulating the Indian securities markets.
Who is the regulator of insurance sector in India?
Insurance Regulatory
and Development Authority of India (IRDAI) is an autonomous apex
statutory body which regulates and develops the insurance industry in India.
It was constituted by a Parliament of India act called Insurance Regulatory
and Development Authority Act, 1999 and duly passed by the Government of India.
See also:
