Regulatory authority refers to a government agency with the power to control, oversee, and regulate a particular industry or sector. There are several synonyms for regulatory authority, including regulatory body, regulatory agency, regulator, oversight agency, supervision agency, governing body, control board, regulatory commission, regulatory entity, and regulatory council. These terms may vary depending on the specific country or region and the industry being regulated, but they all denote an entity that is responsible for monitoring and enforcing rules and regulations. Regulatory authorities are essential for maintaining fair competition, protecting consumers, and ensuring compliance with laws and standards, which ultimately benefits the economy and society as a whole.