These professionals play key roles; while lawyers interpret and adapt the company's operations to current legislation, government relations specialists stay up to date on new regulations , ensuring that the company is prepared to respond to changes that may impact its activities.
Regulatory bodies form another fundamental pillar in this ecosystem, establishing standards and ensuring companies' compliance with the laws of each sector. These bodies, such as ANVISA, mentioned above, not only regulate, but also monitor and guide, in addition to applying sanctions when necessary.
ANVISA, in particular, regulates products that involve nigeria mobile database risks to public health , approving new products, conducting inspections and monitoring adverse events to ensure the safety and efficacy of products on the market.
However, it was only in 2019 that Law 13,848, known as the Regulatory Agencies Law , consolidated these practices by establishing Regulatory Impact Analysis (RIA) as a legal requirement, fostering a more transparent and evidence-based approach in the preparation of regulations.
This law emphasizes the importance of economic freedom, aiming to reduce unnecessary barriers to business development and innovation, without compromising the protection of public health, safety and welfare.
Therefore, this legislation not only aims to improve the business environment, promoting more predictable and technical regulation, but also to increase the quality of regulations and strengthen trust in regulatory agencies.
Developing a regulatory best practices manual is essential to ensure that companies not only comply with current laws, but also use regulations as a competitive advantage.
See below a detailed step-by-step guide for implementing and documenting good regulatory practices in companies.