How is the BBC regulated?

The correct answer is that the BBC is regulated by a renewable Royal Charter. This framework is important because it establishes the BBC's independence and sets out its purpose, functions, and governance structure. The Royal Charter is granted by the monarch but is reviewed and can be renewed or amended periodically, ensuring that the BBC's regulation remains relevant and aligned with current media and public needs.

Government oversight could suggest a direct control that might compromise the BBC's independence; similarly, stating that regulation is by public voting implies a method of governance that is uncommon for a public service broadcaster and does not reflect its structure. While a media watchdog does monitor broadcasting standards, it does not have the same foundational power in defining the BBC’s mandate and operational guidelines as does the Royal Charter, which gives it a unique status in the UK's media landscape.