/stætʃʊtəri ækt/ – Phrase
Definition: văn bản quy phạm, luật.
A more thorough explanation: A statutory act is a law that has been formally enacted by a legislative body, such as a parliament or congress. It is a formal written document that sets out rules, regulations, or procedures that have the force of law.
Example: The statutory act requires all businesses to submit their financial reports annually to the regulatory authority.