A regulatory agency (also regulatory authority, regulatory body or regulator) is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government. Using only the above description and what you know about the world, "A regulatory agency (also regulatory authority, regulatory body or regulator) is a non-profit, private authority responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity." is definitely correct, incorrect, or inconclusive? 