Regulation is an EU legislative act; a rule which must be incorporated by each member state in the same way.
Regulation is a legal rule set by the EU. It usually concerns issues all EU members come into contact with. This can include the regulation about goods imported from outside the EU or the General Data Protection Regulation, also known as GDPR for short.
It is important to note down that regulations must be incorporated into state laws in their entirety - in full context and directly. This is what makes them very different from directives, which are made to reach the same goal but can be incorporated into state laws and regulations differently in each state. The full definition of a regulation can be found on the EU’s official website.
Regulations are enforced, which means not following them could result in fine for your business. This also means all businesses must abide by them, hence the sooner you become compliant the better. Being compliant in this way can become a competitive advantage. Customers often notice if a business is following regulations such as GDPR, because they can see their data is treated with respect. Overall, both authorities and your customers care about regulation compliance. And there is an advantage of regulations - they are the same for each EU country, but looking out for regulations and understanding them is not always easy.
We understand that keeping track of regulations and directives can get confusing and it is easy to miss and misunderstand them. However, you do not have to take care of everything on your own, with our features you will be able to focus on more important aspects of your business.