Meaning of “lay sth down” in the English Dictionary

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(Definition of “lay sth down” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"lay sth down" in Business English

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lay sth down

phrasal verb with lay uk /leɪ/ us verb [ T ] laid, laid

to officially establish a rule, or to officially state the way in which something should be done:

This is in line with the policy laid down by the management.
lay down standards/requirements The new law would lay down minimum standards for private security companies.
New managers tend to lay down the law and demand total compliance with their wishes.

(Definition of “lay sth down” from the Cambridge Business English Dictionary © Cambridge University Press)