A 'regulated-source' refers to a specific origin or provider of a commodity, resource, or piece of information that is subject to established rules, standards, and oversight. These regulations aim to ensure the quality, safety, accessibility, and/or ethical practices associated with the sourced item. The regulations governing a regulated source can stem from governmental agencies, industry-specific bodies, or other authoritative organizations. Adherence to these regulations is often mandatory, with penalties for non-compliance. This term highlights the importance of verifiable control and the need for transparency within a supply chain or data ecosystem.
Regulated-source meaning with examples
- The pharmaceutical company relies on a regulated-source of raw materials, ensuring the ingredients meet rigorous purity standards. The regulatory body audits these sources annually. These rigorous checks are essential to avoid contamination. The source is heavily scrutinized, guaranteeing that patients receive safe and effective medications. Furthermore, the supply chain details are easily traceable back to the source.
- News organizations often prioritize information from a regulated-source, such as governmental press releases or established wire services. These sources are required to adhere to journalism standards and maintain accuracy, reducing the spread of misinformation. Verifying the source is vital in modern reporting, and ensures news is credible. Reporters often cross-reference information to find consensus.
- Financial institutions utilize regulated-source credit reporting agencies to assess creditworthiness, governed by data privacy laws. These agencies have stringent rules and the institutions must follow them. Accurate information on loan applicants is key and helps to manage risk. The information is used to make lending decisions. Penalties are issued if guidelines aren't maintained.
- A researcher must cite their data from a regulated-source database to maintain credibility. The data has been checked against standards, ensuring its reliability and enabling other scientists to replicate studies. Publicly available data is subject to regulations, such as open-source rules. The data is validated. Without verifiable data, research cannot be reproduced.
- Organizations purchasing electricity often prefer a regulated-source of energy, such as a utility company. This ensures reliable service, fair pricing, and adherence to environmental regulations. Companies using this type of source also help the environment. The source's prices can be determined by governmental bodies. Companies save time by utilizing the energy source.