Usage Note
Regulado is the past participle of regular used as an adjective, meaning subject to official rules or controls. A mercado regulado is a regulated market; a precio regulado is a controlled price. Be careful: regular as an adjective (not a verb) means 'mediocre' or 'so-so' in colloquial Spanish — a different word entirely.
Examples
"El sector energético está regulado por el Estado."
Natural Translation
The energy sector is regulated by the state.
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