What are the tools used for regulation in Nepal?

In Nepal, various tools are utilized for regulation to ensure effective governance and compliance with laws and regulations. These tools include legislation, regulatory agencies, policies, and monitoring mechanisms. Legislation plays a crucial role in providing a legal framework for regulation. Regulatory agencies, such as the Securities Board of Nepal or the Nepal Telecommunications Authority, are responsible for overseeing specific sectors and enforcing regulations. Policies are developed to guide decision-making and provide a coherent approach to regulation. Monitoring mechanisms, such as inspections and audits, are employed to assess compliance and mitigate any non-compliance issues. Overall, these tools work together to promote accountability, transparency, and ensure the smooth functioning of regulatory processes in Nepal.

This mind map was published on 28 November 2023 and has been viewed 39 times.