Cryptic crossword clue
Regulation requiring purchase declaration with covering note 2-3

The most common and most likely answer to this crossword clue is the 6 letter word BY-LAW

B
Y
-
L
A
W

Buddy explains!

The straight part
We know that "Regulation" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case regulation = by-law.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does BY-LAW mean?

BY-LAW noun
  1. A local custom or law of a settlement or district.
  2. A rule made by a local authority to regulate its own affairs.
  3. A law or rule governing the internal affairs of an organization (e.g., corporation or business).

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