Most would disagree with this definition.
Usually, when someone complains someone else is NOT controlling their kids, they are not preventing the kids current actions.
But in my discussion with arderkrag, I was contextually differentiating control and regulation in the government context. And I would still stand by the definition of regulation as I posed it in a more general sense. I was differentiating the two words, control and regulate, the former being more about making something happen, versus reacting to a set of existing circumstances.
I suppose synonyms for either word would serve this purpose. Control/manipulate, regulate/ fix.