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Monday, 3 March 2008

AAE Q129: 'regulatory body'

Hello Sir,

Would you tell me the meaning of "REGULATORY BODIES".

What is the meaning of "BODIES"?

Thankyou


Hi,

A body can be defined as: "a group of individuals organized for some purpose".

Therefore a regulatory body is an organisation whose job it is to regulate the industries within a country.

For example: "The Office of Fair Trading (OFT) is the regulatory body that provides consumer protection in franchise operations."

Hope this helps

M

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