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Definition of 'Functional Regulation'
A concept stating that a company with a specific business should be supervised and reviewed by the proper regulating body. Functional regulation is there to ensure that the most qualified and knowledgeable people are overseeing the daily functions of a specialized field.
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Investopedia explains 'Functional Regulation'
For example, ideally an insurance company would be supervised by state insurance commissioners, whereas sellers or underwriters of securities would be supervised and regulated by the Securities And Exchange Commission (SEC).
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Search results for 'Functional Regulation'
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http://www.investopedia.com/articles/pf/11/solutions-to-lemon-problem.asp
... Finance. Timely, relevant information is crucial for functional, efficient markets. ... 4. Consumer Protection Regulation In many industries and governments act to ...
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http://www.investopedia.com/articles/stocks/08/sipc-fdic-bank-failure.asp
... Bank Accounts and the FDIC To get a sense of what's protected by the FDIC, let's think for a moment about the primary functional difference between banks and ...
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http://www.investopedia.com/university/banking-system/banking-system10.asp
... make loans to smaller member banks and oversee the regulation of commercial ... System, most developed countries in the world now have functional central banks. ...
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