Statutory-Legal-Regulatory

sundar.safety
Dear Friends,
Can you please post a cut and short difference between the below?
1. Statutory Requirement
2. Legal Requirement
3. Regulatory Requirement
Regards,
Sundar
srimuppalla
Statutory: Any law which is got approved by parliament & implemented by Governmental agencies/authorities.
Regulatory: Any Law/guidelines prepared by state level assemblies/NGO/Institutions, Implemented by governmental agencies is regulatory
I also had a doubt on these words. Last week this doubt was cleared by one of the renowed auditor from TUV.
pon1965
by and large, these are interlinked.-----------------------------
Pon
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