Compliance costs are all expenses that a company uses up to adhere to government regulations. Compliance costs incorporate salaries of employees in compliance, time and funds spend on announcing, new system necessitated to meet retention, and so on. Compliance costs happen to be as results of local, national or even international regulation (for instance MiFID II […]
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A technical standard is an established norm or requirement for a repeatable technical task which is applied to a common and repeated use of rules, conditions, guidelines or characteristics for products or related processes and production methods, and related management systems practices. A technical standard includes definition of terms; classification of components; delineation of procedures; specification of dimensions, materials, […]
Vehicle regulations are requirements that automobiles must satisfy in order to be approved for sale or use in a particular country or region. They are usually mandated by legislation, and administered by a government body. The regulations concern aspects such as lighting, controls, crashworthiness, environment protection and theft protection, and might include safety belts or automated features. […]
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to the deterrence theory, according to which punishing a behavior will decrease the violations both by the wrongdoer (specific deterrence) and by others (general deterrence). This view has been supported by economic theory, which has […]
Professional certification, trade certification, or professional designation, often called simply certification or qualification, is a designation earned by a person to assure qualification to perform a job or task. Not all certifications that use post-nominal letters are an acknowledgement of educational achievement, or an agency appointed to safeguard the public interest. A certification is a third-party attestation of an individual’s level of […]
Telecommunications Each jurisdiction that regulates communications requires all types of equipment, and especially radio communications equipment, that are not specifically exempted (by reason of low power output, for instance) to be tested for conformance to local regulations before it is approved for use in that jurisdiction. Such conformance might include power and noise characteristics, use […]
Automotive industry Main articles: Motor vehicle type approval and Vehicle category Vehicle type approval is the confirmation that production samples of a design will meet specified performance standards. Traditionally, there are two systems of type approval in Europe. The first one is based on the EC directives and regulates the approval of whole vehicles, vehicle systems, and separate components. […]
Type approval or certificate of conformity is granted to a product that meets a minimum set of regulatory, technical and safety requirements. Generally, type approval is required before a product is allowed to be sold in a particular country, so the requirements for a given product will vary around the world. Processes and certifications known as ‘type approval’ […]
The Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies who provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification. The sector consists of both in-house and outsourced services. Definition of Testing, Inspection and Certification services The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), international standard-setting bodies composed of representatives from various national standards organizations, define the different testing, inspection and […]
A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff. Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas). Common competition policy is also helpful to avoid competition deficiency.[2] Purposes for establishing a customs union normally include increasing economic efficiency and establishing […]