deregulate
US /ˌdiːˈreɡ.jə.leɪt/
UK /ˌdiːˈreɡ.jə.leɪt/
1.
remove regulations or controls from (a public service, industry, etc.)
:
•
The government decided to deregulate the airline industry.
•
Many argue that deregulating financial markets led to the crisis.