Common Regulatory Framework

The Common Regulatory Framework is a set of standardized rules and guidelines that different countries or organizations follow to regulate a particular industry or activity. Its goal is to ensure consistency, safety, and fairness across regions, making it easier for companies to operate internationally and for regulators to oversee compliance. By harmonizing these regulations, it reduces barriers, promotes economic integration, and helps protect consumers and the environment. Think of it as a shared blueprint that streamlines processes and ensures everyone is on the same page regarding standards and practices.