self-regulating organization

British

noun

SRO. one of several British organizations set up in 1986 under the auspices of the Securities and Investment Board to regulate the activities of London investment markets

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self-regulating organization

Hence, the banking sector had become a kind of self-regulating organization, writing its own legislation, weighing in on key appointments to oversight bodies.

From Washington Post ● Sep. 20, 2013

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