Given a regulatory body of some form, what is the term for someone or something that adheres to those regulations?
I'm looking for a noun or collective noun, rather than an adjective.
An example sentence might be: "All of the X(s) must meet the regulations set out by the regulator.", where X is the generic term for one or all of these individuals or groups.
For example, in the electricity market in the UK, the regulator is called Ofgen, which provides regulations for all of these:
- Electricity Generators
- Electricty Distributers
- Electricty Suppliers
They don't necessarily have to be compliant to the regulations, so should be independent of that.
Ideas so far are:
but none sound specific in relation to the conformance with a set of rules.
This word is for formal use in a business document. A collective term would be ideal, but not essential.