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Regulatory Capture The phenomenon when a regulatory agency, hereinafter a Regulator, that is created usually by the passing of a parliamentary bill/s to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate an industry or sector that the Regulatory is charged with regulating. When Regulatory Capture occurs the interests of companies or a political group/s are given priority or favor over the interests of the public thereby failing The Public Interest Test. |
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