When anyone who doesn’t have an understanding of Legislation & Regulation is told, “You need to learn about this”, they immediately switch off and put it in the ‘too difficult to do’ box. Why is that? Probably because unless you have a love of the subject and find it easier than most to read and understand, it may feel like wading through treacle!
So, what’s the difference between Legislation and Regulation? Put very simply:
Legislation – Laws passed by Parliament.
Regulation – Guidelines, usually written by the professional body that governs the particular sector affected by the Legislation in question.
Having studied certain aspects of the law and had to learn some definitions verbatim, I am possibly one of the minorities that enjoy this task; but along the way I’ve also discovered that learning about Legislation & Regulation doesn’t have to be a tedious, difficult task at all. Whilst it may be necessary to have a good understanding of the regulations that govern your sector, you do not have to sit down and read the legislation, nor even the regulations in some cases.
Why is that? Because as I discovered, a lot of the professional bodies that govern a sector, for example in the Property Sourcing sector we have, the Information Commissioners Office (ICO) which monitor for breaches in the Data Protection Regulations and these professional bodies have written in-depth reports to try to help make it easier to understand how to be compliant, these reports may be referred to as…
‘Guides’ or ‘Codes of Practice’ or ‘Principles’
…. but all do the same thing; translate in to simpler English what the legislation or regulations require of you.
When you want to understand a piece of Legislation or Regulation simply search for:
“Guide to [the legislation or regulation that you are interested in]”
You may well find these documents much easier to read than the original Legislation!