There are three types of regulatory bodies.

• Legislative bodies enact broad laws and statutes.
• Regulatory bodies issue administrative regulations, often implementing statutes. Regulatory bodies include government agencies and independent regulators granted authority by a government and government agency. Some independent regulators may be self-regulating organizations.
• Courts interpret statutes and administrative regulations, and these interpretations may result in judicial law.

Regulations can be classified as:

• Statutes - laws passed by a legislative body.
• Administrative regulations or administrative law - rules issued by government agencies or other regulators.
• Judicial law - interpretations of courts.

Regulations can be classified by their objectives too.

Regulators have responsibility for:

• Substantive law, which focuses on rights and responsibilities of entities and relationships among entities.
• Procedural law, which focuses on the protection and enforcement of the substantive laws.