non-regulated       
adjective (also nonregulated) uk/ˌnɒnˈreɡ.jə.leɪ.tɪd/ us/ˌnɑːnˈreɡ.jə.leɪ.t̬ɪd/
 不受监管的
A non-regulated type of business or activity is not controlled by rules or laws.
  We are operating in a non-regulated business environment.
 The government has promised to review the activities of nonregulated lenders. 政府已承诺审查不受监管的贷方的活动。 
  - More examples
 - Most of our profits now come from non-regulated businesses.
 - I am concerned that the non-regulated system they are introducing will not be fair.
 - Non-regulated funds are regarded as risky investments for the general public.
 - Non-regulated businesses account for half of the firm's turnover.