/ˈrɛɡjəˌleɪtəri əˈpruːvəl/ – Phrase
Definition: Sự chấp thuận từ cơ quan quản lý hoặc cơ quan điều hành.
A more thorough explanation: when a public organization gives its consent (=allows you) to take a particular action
Example: The company said it received regulatory approval to issue $399 million in bonds.