Regulation of The Capital Market: Statutory Regulation - SS2 Accounting Lesson Note

Statutory regulation refers to a system of laws and regulations that are created by a government or regulatory body, and that are legally binding on individuals or organizations that fall under their jurisdiction. 

Statutory regulations can cover a wide range of areas, such as business practices, environmental protection, consumer protection, and health and safety standards. 

They are typically put in place to ensure that individuals and organizations act in a responsible and ethical manner, and to protect the public from harm. It is enforced by a government agency or other regulatory body. This means that individuals or organizations that fail to comply with the regulations may be subject to penalties or fines, and may even face legal action.

Statutory regulation can help to promote transparency and accountability, and ensure that businesses and organizations operate in a fair and ethical manner. It can also help to protect consumers and the public from harm, and can promote social and environmental responsibility.

However, it is important for regulators to strike a balance between protecting the public interest and minimizing the burden on businesses and individuals.