Difference between legal and regulatory
Kishore Nuthalapati (Accountant for multiple small entities) (147 Points)
27 February 2023Could someone please advise difference between legal and regulatory
thanks in advance
Kishore Nuthalapati (Accountant for multiple small entities) (147 Points)
27 February 2023
Neha
(ENTREPRENEUR)
(200 Points)
Replied 28 February 2023
Legal refers to laws that are enacted by the government and enforced by the legal system. These laws are designed to provide a framework for acceptable behavior and to protect the rights of individuals and society as a whole.
Regulatory, on the other hand, refers to rules and guidelines that are developed and enforced by government agencies to regulate specific industries or activities. These regulations are designed to ensure compliance with laws and to promote safety, fairness, and accountability within the industry or activity being regulated.
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