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A self-regulatory organization (SRO) is an organization that exercises some degree of regulatory authority over an industry or profession.The regulatory authority could be applied in addition to some form of government regulation, or it could fill the vacuum of an absence of government oversight and regulation.n United States securities law, a self-regulatory organization is a defined term. The principal federal regulatory authorityâthe Securities and Exchange Commission (SEC)âwas established by the Federal Securities Exchange Act of 1934.
Self-insurance describes a situation in which a person does not take out any third party insurance. The essence of the concept is that a business that is liable for some risk, such as health costs, chooses to carry the risk itself and not take out insurance through an insurance company.