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  • Regulation Lreb Mba Sp21

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    Mimi
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    This document discusses business regulation and the powers of regulatory authorities. It provides the following key points: 1) Regulations are sets of rules and standards created by an authority like a government agency to oversee a particular industry. Regulators are given quasi-legislative powers to create rules and quasi-judicial powers to enforce them. 2) Quasi-legislative powers allow regulators to make rules through a board or commission, but these rules must be specific and limited to the regulator's purpose. Quasi-judicial powers allow regulators to investigate, charge, hold inquiries, and penalize violations as long as due process is followed. 3) Regulator orders can be challenged if due process is

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    This document discusses business regulation and the powers of regulatory authorities. It provides the following key points: 1) Regulations are sets of rules and standards created by an authority like a government agency to oversee a particular industry. Regulators are given quasi-legislative powers to create rules and quasi-judicial powers to enforce them. 2) Quasi-legislative powers allow regulators to make rules through a board or commission, but these rules must be specific and limited to the regulator's purpose. Quasi-judicial powers allow regulators to investigate, charge, hold inquiries, and penalize violations as long as due process is followed. 3) Regulator orders can be challenged if due process is

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    19 views10 pages

    Regulation Lreb Mba Sp21

    Uploaded by

    Mimi
    This document discusses business regulation and the powers of regulatory authorities. It provides the following key points: 1) Regulations are sets of rules and standards created by an authority like a government agency to oversee a particular industry. Regulators are given quasi-legislative powers to create rules and quasi-judicial powers to enforce them. 2) Quasi-legislative powers allow regulators to make rules through a board or commission, but these rules must be specific and limited to the regulator's purpose. Quasi-judicial powers allow regulators to investigate, charge, hold inquiries, and penalize violations as long as due process is followed. 3) Regulator orders can be challenged if due process is

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 10

    Regulating business

    Mba-lreb-sp21
    regulation
    • Procedures
    • Set of rules and standards of a particular industry or function
    • Eg-banking industry the regulation is made by SBP and also enforced
    by it
    • Authority to make regulation is delegated by the legislature-eg state
    bank act 1957
    • Autonomous?
    • Exceeding powers-Art 199 of constitution
    regulator
    • Board/commission/agency
    • Powers-
    • Quasi legislative-power to make rules
    • Quasi judicial-power to enforce those rule
    Quasi Legislative Power
    • Through a board-
    • Limited to its purpose
    • Specific
    • Can this function be challenged?
    • Only if exercise of power is not limited or specific
    •
    Quasi judicial power
    • Enforce the rules
    • Follow “due process”
    • investigation
    • Inform and charge
    • Opportunity to defend
    • inquiry
    • Inform
    • Penalty
    • Order of regulator can be challenged if due process not followed
    • Primary jurisdiction
    • Exhaustion of remedies
    Case discussion
    • Brown V. FDA
    • Nicotine was considered a drug and FDA imposed restriction on advertising or
    promotion to minors
    • Can FDA do this?
    • FDA acted outside its powers
    • What if the nicotine content of the cigarette was limited by FDA?
    • What if caffeine content in red bull is regulated?
    • What if FDA said not to use tagline “red bull gives you wings”? False advertising-FDA
    can not regulate
    • False advertising is CCPs domain.
    •
    Combed cotton yarn case
    • Quota-restriction on quantity trade by USA was for 3 years
    • USA impose quota on combed cotton yarn from Pakistan
    • To protect the domestic industry.
    • Dispute resolution through DSU started by Pakistan against USA for
    violation GATT and other Agreements. It took 2years and 9months
    • Pakistan won the case
    • Three different forums-WTO
    • Negotiation-60 days
    • TMB review-similar to mediation
    • Dispute settlement body-ruling-arbitration
    Did Pakistan really win?
    Exam questions-open universe and limited
    time take home exam-relative grading
    • Regulation
    • Constitutional right
    • Remedies-Art 199 and I84
    • Ethics
    • International law
    • Case
    • Hypothetical
    • ADR
    • IPRs

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