deregulate
verb [ T ]
ECONOMICS, POLITICS uk/ˌdiːˈreɡjəleɪt/ usto remove government controls or rules from a business or other activity:
That state has had success in deregulating its electricity market.
The explosion in budget air travel began when the industry was deregulated in 1992.
deregulated
adjective [ before noun ]
Things are very different in today's deregulated labour market.
Compare
regulate