Regulatory Cooperation
/ˌrɛɡjʊˈleɪtəri koʊˌɑːpəˈreɪʃən/
Definitions
- (n.) The process by which regulatory authorities from different jurisdictions collaborate to streamline, harmonize, or align their regulatory policies and procedures to facilitate compliance and reduce barriers to trade or cooperation.
Regulatory cooperation between the two countries helped simplify the approval process for pharmaceutical products.
Forms
- regulatory cooperation
Related terms
See also
Commentary
Regulatory cooperation often aims to avoid duplicative regulation and enhance international regulatory efficiency; it is distinct from unilateral regulatory measures and involves mutual engagement among regulatory bodies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.