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self-regulating organization

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
self-regulating organization
n
(Economics, Accounting & Finance / Banking & Finance) one of several British organizations set up in 1986 under the auspices of the Securities and Investment Board to regulate the activities of London investment markets Abbreviation SRO


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But the CRTC forwarded the complaint to the Canadian Broadcast Standards Council (CBSC), the broadcasting industry's voluntary self-regulating organization.
To help an audit committee accomplish its purpose and comply with all of these new requirements, SEC-issued and proposed self-regulating organization rules will require that the committee be given authority to engage independent counsel and other advisers and be provided with appropriate funding to carry out its duties.
A self-regulating organization may be held liable when a patient, client, or customer suffers harm at the hands of a certified professional or by a product that is in compliance with industry standards.
 
 
 
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