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English definition of “deregulate”

deregulate

verb [T] uk   /ˌdiːˈreɡ.jʊ.leɪt/ us  
to remove national or local government controls or rules from a business or other activity: The government plans to deregulate the banking industry/the bus system.
deregulation
noun [U] uk   /ˌdiː.reɡ.jʊˈleɪ.ʃən/ us  
Couldn't the deregulation of broadcasting lead to a lowering of standards?
(Definition of deregulate from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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