What is the difference between Regulations and Standards? Which one is the dominated in contracts arbitration?

Standards refers to the principles behind a work and values associated with it but regulations refers to the set of laws and rules that are need to be followed while performing a certain task. Both of regulations and standards need to be dominated in the contracts. 

Regulation

• A Rule that we must follow
• Rules that the Government makes under an Act
• Rules are made “real” and “enforceable” by the power that the Government gives itself under an Act
• e.g. Health & Safety Act Regulation for Hearing Protection

Standards

• Not written by Government
• Are written by organizations such as CSA, ANSI, CGSB, etc.
• Typically refer to product performance or how to do a job
• Have no authority on their own, but may be adopted into regulations making them legal requirements
• May be referred to specifically in a regulation or through a “General Duty Clause”
• Regulatory bodies may adopt all or a part of an existing standard

I agree with Mr. Vinod Jetley good answer. Thank you.

I fully agree with the answers been added by EXPERTS....................Thanks.

Regulation: Is about what TO DO & NOT to do.It is enforced by law.

Standard: Is the common sense/principle/ Everybody knows how things should be done.

Regulation could be more dominated in arbitration.

Also Mr. Vinod had provided helpful information about that.

With Mr.

Vinod Jntley

In his response,

ruining hours got to check which is in contract

Thanks for invitation, and I am really sorry for my late, because I were  had a lot of work.