"The notion that you could just abandon the regulatory role has been left behind," he said.

"But at some point, if you're playing a regulatory role, somebody's not going to be happy."

The move is part of an effort to strengthen the agency's regulatory role.

Moreover, the states are addressing their new regulatory roles in a number of ways.

After 1945 some of its early regulatory roles were taken by other bodies.

The agency is gearing up to take a more active regulatory role.

A 115-year-old organization, with more than 337,000 members, the institute serves many professional and regulatory roles.

He also said that a regulatory role for the Fed would be preserved.

Scc1p and Scc3p, however, would play a regulatory role.

"But we have no regulatory role to tell them to shut it down and do so."