Rather than have the government regulate, we have an industry organization that does it so that the government doesn't have to.

与其由政府出面监督,不如由行业监督组织去进行监管,因此不需政府出头

耶鲁公开课 - 金融市场课程节选

The self-regulatory organizations, SROs, are industry organizations that regulate the industry.

ROs,自律监管机构,是业内规范行业行为的组织

耶鲁公开课 - 金融市场课程节选