International
Standard
Setting Entity
An international body that provides guidance and sets standards to be implemented in nation jurisdictions.
Minister
The most senior political role within a portfolio. In Westminster system governments, these are typically styled ministers, but the title varies.
Ministerial
regulator
As opposed to an independent regulator (defined above, a ministerial regulator is part of the organisational structure of a government ministry.
Ministry
Government agency under the direct day-to-day control of a minister.
Operational
policy
Policy decisions made by independent regulators or ministries in order to implement government policy.
Regulatory
integrity
“Regulatory integrity is where regulatory administration and decisions are fair, objective, impartial, consistent and expert, without having any conflict of interest or bias, improper influence or improper purpose, or circumstances that reduce the regulator’s market credibility, consistency of decision-making, or availability of expertise.
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