Defined as a regulatory process of establishing standards to achieve organizational goals, comparing actual performance to the standards, and taking corrective action when necessary to restore performance to those standards

Control

Explanation:

 Control is basically define as the regulatory process for achieving various types of organizational goals by establish the standards and this process is refers as the regulatory control.

 It basically compare all the performances with the specific standard of an organization and then taking the necessary action for restoring the performance according to the specific instruction.

The main objective of the regulatory process is that it implement the specific rules or law according to the main objective of an organization.  

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;