Yes, there are regulations to follow. For uninhabited or storage basements, code requires at least one light per room, controlled by a switch on the light or a wall switch near the entrance to the room. For finished basements, code requires at least one lighting outlet controlled by a wall switch in every habitable room, kitchen, and bathroom, with the switch located near the entrance to the room on a wall. In rooms other than kitchens and bathrooms, one or more receptacles controlled by a wall switch are permitted instead of lighting outlets.