I have spent 15 years working in heavily regulated industries (Medical Devices and Personal Protective Equipment). Recent updates to these regulations have highlighted that whilst going some way to protecting the consumer they go a whole lot further creating challenges, financial burden to, and even the closure of some businesses.
I believe post-Brexit is the ideal opportunity for the United Kingdom to lead the way in global regulatory alignment (harmonisation) similar to that seen within the ISO structure applied to standardisation. We should not be making up another set of rules and regulations but try to drive a global alignment to make business more flexible and reactive getting products to market.
Too many times do we encounter regulatory issues where a single product must adhere to European regulations, US Regulations, Chinese regulations…the list goes on and on all different. It’s senseless when that same product, with the same intended use and made up of the same components parts is subject to a plethora of different requirements.
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