What are regulatory bodies? 

 A government agent, agency or commission that has the authority to tell a business what it may or may not do, so on the subject of gaming, the PEGI and BBFC.

 

 

The two regulatory bodies in the UK are the BBFC (British Board of Film Classification), who classify 10% of all games released into the UK, and PEGI (Pan-European Game Information) who cater for the other 90%.

What is the difference between BBFC and PEGI?

BBFC

The British Board of Film Classification (BBFC), originally British Board of Film Censors, is a non-governmental organisation, funded by the film industry and responsible for the  classification and censorship of films, dvds & games within the United Kingdom.

PEGI

PEGI, as opposed to BBFC aim to protect the industry  itself, so they regulate their own products. The classifications are not enforced by law, but if the game is innapropriate e.g sexual scenes drug use etc, the game is exempt by law and is forced to be regulated by BBFC

Sources: WikiAnswers,Wikipedia