The legal terms have specific meanings and connotations. Leave aside the specific jargon; there is ambiguity about the very basic terms, like law, rules and regulations. In this post I have made an attempt to unravel some of these basic terms.
Statutes and Laws
A statute is a written law passed by a legislature on the state or federal level. Statutes set forth general propositions of law that courts apply to specific situations. A statute may forbid a certain act, direct a certain act, make a declaration, or set forth governmental mechanisms to aid society.
A statute begins as a bill proposed or sponsored by a legislator. If the bill survives the legislative committee process and is approved by both houses of the legislature, the bill becomes law when it is signed by the executive officer (the president on the federal level or the governor on the state level). When a bill becomes law, the various provisions in the bill are called statutes. The term statute signifies the elevation of a bill from legislative proposal to law.
(Read more: http://www.cisoplatform.com/profiles/blogs/compliance-and-government-regulations)
Rules
It is a legal document that carries out the intent of the law. Rules help understand how to implement statutory requirements.
Regulations
Rules and administrative codes issued by governmental agencies at all levels, municipal, county, state and federal. Although they are not laws, regulations have the force of law, since they are adopted under authority granted by statutes, and often include penalties for violations. The regulation-making process is best known to industries and special interests concerned with the subject matter.
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