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Purpose of a regulatory body

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To ensure compliance with laws and regulations.

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Stakeholders accountable for compliance

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Management, board of directors, and compliance officers.

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Difference between procedures and compliance

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Procedures are steps to follow; compliance is adhering to rules.

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Definition of 'regulatory bodies'

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Organizations that oversee and enforce laws and regulations within specific sectors.

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NHS healthcare sector

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Public sector

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Regulatory bodies for NHS healthcare

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Examples include the Care Quality Commission and NHS Improvement.

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Regulatory bodies for education

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Examples include Ofsted and the Department for Education.

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Regulatory bodies for Business and Finance

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Examples include the Financial Conduct Authority and the Prudential Regulation Authority.

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Regulatory bodies for Utilities

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Examples include Ofgem and the Environment Agency.