Common Principles in Regulatory Law Introductory Remarks Regulatory law aims at controlling distortions of competition in the market (market failures protecting participants in the markets guarding against undesirable external effects of markets such as pollution3 Common Principles in Regulatory Law Introductory Remarks Regulatory law aims at: ➢controlling distortions of competition in the market (market failures) ➢protecting participants in the markets ➢guarding against undesirable external effects of markets, such as pollution