Tasked with regulating a huge market consisting of half a billion consumers and generating about a third of the world's total economic output; the European Union (EU) has quite an unenviable task on its hands. Cosmetic products are among the primary areas of European Union regulatory issues, because they account for a huge market.
Cosmetic products that originate in many parts of the world reach EU shores; likewise, European products also go out to the rest of the world from the European Union. EU regulatory issues for cosmetic products have a major bearing on several big and small companies. EU regulatory issues also impact and straddle several regulatory areas, because many countries make up the Union.The EU Regulation 1223/2009 (Cosmetics Regulation)
The EU Regulation 1223/2009, which came into effect from mid-2013, is aimed at the cosmetic industry in the EU. Although a regulation with regard to cosmetics, the Directive 76/768/EC, was in effect from the mid1970's and underwent substantial changes; the EU sought to replace it with a more powerful regulation.
The need for replacing the Directive 76/768/EC with EU Regulation 1223/2009 was felt because of the many technological changes that have taken place over the past few decades, which have made a major impact on the cosmetics industry.
Highlights of the EU Regulation 1223/2009