What does regulatory agencies mean?

Regulatory agencies are government bodies responsible for creating and enforcing rules and regulations to ensure compliance within specific industries. They oversee various sectors, such as finance, healthcare, and environmental protection, to safeguard public interests, promote safety, and maintain fair practices. These agencies often have the authority to investigate violations, impose penalties, and issue guidelines to govern industry operations. Examples include the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA) in the United States.