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The United States Food and Drug Administration is a federal agency of the Department of Health and Human Services. The FDA is responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, caffeine products, dietary supplements, prescription and over-the-counter pharmaceutical drugs (medications), vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices (ERED), cosmetics, animal foods & feed and veterinary products.
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation.
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example:
The Consumers' Federation of Australia (CFA) is Australia's umbrella consumer advocacy group.
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The California Department of Consumer Affairs (DCA) is a department within the California Business, Consumer Services, and Housing Agency. DCA's stated mission is to serve the interests of California's consumers by ensuring a standard of professionalism in key industries and promoting informed consumer practices. The DCA provides the public with information on safe consumer practices, in an effort to protect the public from unscrupulous or unqualified people who promote deceptive products or services.
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The Digital Services Act Regulation 2022 (EU) 2022/2065 ("DSA") is a regulation in EU law to update the Electronic Commerce Directive 2000 regarding illegal content, transparent advertising, and disinformation. It was submitted along with the Digital Markets Act (DMA) by the European Commission to the European Parliament and the Council on 15 December 2020. The DSA was prepared by the Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager and by the European Commissioner for Internal Market Thierry Breton, as members of the Von der Leyen Commission.
The Architects Registration Council of Nigeria (ARCON) is a statutory body established under the ARCON Act, tasked with regulating and enhancing the architectural profession within Nigeria.
References
- 1 2 3 4 5 "Advertising Regulatory Council of Nigeria Act 2022 – Policy and Legal Advocacy Centre". Policy and Legal Advocacy Centre (PLAC). 20 October 2022. Retrieved 28 October 2023.
- 1 2 Elias, Gbolahan; Jikenghan, Ebimobowei; Nkwor, Larry (2023). "Advertising Law: 2022 Federal Legislation and Social Media". SSRN Electronic Journal. Elsevier BV. doi:10.2139/ssrn.4431940. ISSN 1556-5068.
- ↑ The Editorial Board (8 June 2023). "ARCON, ADVAN differences: Need for industry intervention". Business Day (Nigeria) . Retrieved 28 October 2023.
- ↑ Obi, Daniel (14 August 2023). "Olalekan Fadolapo: Bringing dynamism to advertising regulation". Business Day (Nigeria) . Retrieved 28 October 2023.
- ↑ Oyewole, Sandra (12 October 2022). "Advertising Regulatory Council Act, 2022". DLA Piper Africa. Retrieved 28 October 2023.
- ↑ "Advertising in Nigeria: A Synopsis of Recent Regulatory Developments" (PDF). Retrieved 28 October 2023.
