regulatory authority

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A regulatory authority is a governmental competition policy institution. The tasks of a regulatory authority usually go beyond those of a normal antitrust authority ; While the latter usually exercise ex post control of markets , regulatory authorities are often characterized by strong instruments of ex ante control , such as B. Price or product approvals. Regulators are often industry-specific; they are created for those sectors in which an ex-post control is not sufficient to the va competition to maintain or promote.

Usually regulated markets

Regulatory authorities can often be found in monopoly-prone markets that cannot or cannot be fully opened to competition. Examples of monopoly-prone markets are line-bound or network-bound sectors in which the construction of parallel networks is either not desired or makes no sense for economic reasons. Typical sectors in which such regulation takes place are telecommunications, postal, rail, radio, gas and electricity markets, as well as water supply and sanitation. Without regulation, such markets can fail .

Supervisory authorities for the implementation of special regulations, such as the Federal Financial Supervisory Authority, also belong to the regulatory authorities in a broader sense.

Examples of regulators

Regulatory authorities in German-speaking countries:

In the European Community , the national regulatory authorities are obliged to implement the relevant EU directives .

See also

Web links

Individual evidence

  1. ^ Andreas Valda: Data lock at the post office is free. In: Tages-Anzeiger of August 30, 2012