statutory body Meaning in Cambridge Business English Dictionary
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Meaning of "statutory body" - Business English Dictionary

statutory body

noun [C]
 
 
LAW an organization with the authority to check that the activities of a business or organization are legal and follow official rules: We hope the creation of a single new regulator will consolidate regulation of the whole industry in one statutory body. The General Medical Council is the statutory body which regulates doctors.
GOVERNMENT an organization that has been created by a parliament: The commission is a statutory body to combat discrimination against disabled people. A new statutory body, the Committee on Climate Change, is expected to be made up of eight scientific experts who will advise the government on staying within its carbon budget.
(Definition of statutory body from the Cambridge Business English Dictionary © Cambridge University Press)
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