11/12/21
Regulatory Agency
Regulator Understands the Law Understands Role Understands Scope of Authority
Independence Sound Organizational Structure Proper Delegation of Authority Adequate Funding Proper Balance of Power Oversight Governmental Support of the Regulatory System
What Makes Regulation Effective?
Ethical, Principled, & Fair Possesses Sound Judgment HighWork Ethic Good Management Skills Good Interpersonal Skills
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An Independent Regulatory Agency is a governmental instrumentality created to interpret, implement, administer, monitor, and enforce statutory law within the limits of its delegated authority and to act and make decisions based on law and legal considerations ---
Regulatory Structure “Independence”
NOT POLITICAL CONSIDERATIONS
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