Cryptic crossword clue
With pistol, held up a politician concerned with rules 10

The most common and most likely answer to this crossword clue is the 10 letter word REGULATORY

I've seen this crossword clue in The Sunday Telegraph
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Buddy explains!

The straight part
We know that "concerned with rules" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case concerned with rules = regulatory.
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 REGULATORY mean?

REGULATORY adjective
  1. Of or pertaining to regulation.

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