Regulation
The legislation created a new regulatory regime for the railways, with the establishment of the Rail Regulator (dealing with the monopoly and dominant elements of the industry, principally Railtrack (now Network Rail)) and the Director of Passenger Rail Franchising, whose role was to sell passenger rail franchises to the private sector. The Director of Passenger Rail Franchising was replaced in 2001 by the Strategic Rail Authority. When the SRA was abolished in 2006 franchising were taken over by the Secretary of State for Transport. The statutory position of Rail Regulator was abolished in July 2004 and his functions were taken over by the Office of Rail Regulation.
Read more about this topic: Railways Act 1993
Other articles related to "regulation, regulations":
... the cost to the economy of government regulation in the United States is approximately $1.75 trillion per year, which exceeds all corporate pretax profits put together ... with a view to minimizing, simplifying, and making more cost effective regulations ... Affairs, and the United Kingdom's Better Regulation Commission ...
... receptor binding Cellular component • extracellular space Biological process • positive regulation of natural killer cell cytokine production • immune response • signal transduction ...
... therefore have some form of control or regulation to manage these possible conflicts ... This regulation ensures that a safe and appropriate service is delivered, while not discouraging the effective functioning and development of businesses ... of alcohol and prescription drugs are controlled by regulation in most countries, as are the food business, provision of personal or residential care, public transport, construction, film and TV, etc ...
... complex Biological process • negative regulation of type 2 immune response • negative regulation of cell proliferation • negative regulation of interleukin-13 production • negative regulation of interleukin-5 ...
Famous quotes containing the word regulation:
“Nothing changes my twenty-six years in the military. I continue to love it and everything it stands for and everything I was able to accomplish in it. To put up a wall against the military because of one regulation would be doing the same thing that the regulation does in terms of negating people.”
—Margarethe Cammermeyer (b. 1942)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)