Regulatory approval is the formal authorisation by a regulator that permits an entity, product or activity to proceed under defined conditions.

Semantic Classification

Content

  • Regulatory approval follows an assessment in which a regulator reviews an application against statutory and rule-based criteria. Approval may be granted unconditionally or subject to conditions and ongoing obligations.
  • Examples include authorisation of financial firms, clearance of mergers and approval of products in regulated sectors. Approval processes typically require disclosure, documentation and demonstration of capability.

Provenance