They are not regulated - they are just like any news agency. They can post any BS as long as it's not an outright lie, and even if it is they just post a correction whenever they want and that takes care of it!
I say they owe accuarate reporting and better editting, but they say regulations impose on their free speech.
The only good thing - I've heard they are not doing well financially. Serves them right for reporting half baked stories and lies.
I personally try to avoid their sites and news if I can find an alternative - less web traffic - less popularity for them.