Noun
regulatory framework (plural regulatory frameworks)
A set of regulations that is valid in a given industry.
The development of the food industry for both domestic and export markets relies on a regulatory framework that both protects the consumer and assures fair trading practices in food. Gro Harlem Brundtland
The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant. Christina Romer