Definitions
- Referring to a law passed by a legislative body, such as a parliament or congress. - Talking about a formal written rule that has been established and enacted by a governing authority. - Describing a legal code or framework that outlines the rights and obligations of individuals and organizations.
- Referring to a rule or directive issued by a government agency or other regulatory body. - Talking about a formal written policy that outlines specific requirements or standards for a particular industry or activity. - Describing a set of guidelines or procedures that must be followed to ensure compliance with a particular law or standard.
List of Similarities
- 1Both statute and regulation are legal terms that refer to formal rules and requirements.
- 2Both are established by governing authorities to ensure compliance and maintain order.
- 3Both can have significant consequences for individuals and organizations who fail to comply.
What is the difference?
- 1Authority: Statutes are laws passed by a legislative body, while regulations are rules issued by a government agency or other regulatory body.
- 2Scope: Statutes are typically broader in scope and apply to a wider range of activities or situations, while regulations are more specific and targeted to a particular industry or activity.
- 3Enforcement: Statutes are enforced by the judicial system, while regulations are enforced by the regulatory body that issued them.
- 4Flexibility: Regulations can be more flexible and adaptable to changing circumstances, while statutes are often more rigid and difficult to modify.
- 5Hierarchy: Statutes take precedence over regulations in cases of conflict or inconsistency.
Remember this!
Statute and regulation are both legal terms that refer to formal rules and requirements established by governing authorities. However, the difference between statute and regulation is their authority, scope, enforcement, flexibility, and hierarchy. Statutes are laws passed by a legislative body and are generally broader in scope, while regulations are rules issued by a regulatory body and are more specific and targeted.
