ADMS 2610 Chapter Notes - Chapter 3: Financial Regulation

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Robert Levine

Document Summary

Sets out broad policy objectives of the government, then delegate the enforcement of the policy to an entity that is created to administer the policy and ensure compliance with it by affected parties. Agencies created by legislation to regulate activities or do specific things are called. Allowed to set their own procedures and rules approved by government as an order-in-council, minister in charge of tribunal or others. Government at all levels exercise greater control over the activities of citizens within their respective jurisdictions resulting in a large bureaucracy at the provincial and federal levels. Includes rules or regulation that must be complied with before the commencement or operation of business. Regulation of activities: regulation of professions, trades, travel agents and real-estate salespersons, incorporation of business, sale of securities, worker"s compensation etc. Usually established to meet perceived needs of the government to protect public and ensure that services provided meet public standards.