1. A set of rules, laws, and institutions designed to control or supervise activities in a particular industry or sector
The financial regulatory system ensures that banks comply with safety standards.
O sistema regulatório financeiro garante que os bancos cumpram com os padrões de segurança.
2. The framework of government agencies and policies that oversee and enforce compliance within a specific field
Brazil's environmental regulatory system is managed by IBAMA.
O sistema regulatório ambiental do Brasil é gerenciado pelo IBAMA.