Regulationmaking
Regulationmaking refers to the formal process by which governments and regulatory bodies create legally binding rules that govern behavior, markets, and public welfare. It is a core function of administrative law in many jurisdictions and involves agencies authorized to issue regulations, orders, or standards. Regulationmaking aims to address issues such as market failures, safety, environmental protection, consumer protection, and other public interests.
The process typically includes several stages. Problem identification and agenda setting determine what needs regulation. Policymakers
Regulations can take various forms, including binding rules, delegated or subordinate legislation, licensing schemes, and performance
Key actors include lawmakers, regulatory agencies, government ministries, courts, industry and professional stakeholders, and the public.