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Wikipedia definition (similar term):
Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: * in biology, gene regulation allows living organisms to adapt to their environment and maintain homeostasis * in government, typically a regulation specifically means a piece of delegated legislation drafted by subject matter experts to enforce a statutory instrument (primary legislation) * in business, industry self-regulation occurs through self-regulatory organizations and trade associations which allow industries to set rules with less government involvement * in psychology, self-regulation theory is the study of how individuals regulate their thoughts and behaviors to reach goals
Source: Wikipedia - Regulation