Answer :
Regulation 173 (2)(b) mandates specific, expert-validated quality and feasible requirements for compliance. This ensures high operational standards and safeguards compliance within legal and ethical frameworks.
These requirements are deemed feasible and valuable by experts, signifying their importance in maintaining regulatory standards. Such regulations are crucial because they uphold the integrity of practices, safeguard compliance and ensure that both legal and ethical standards are met within the relevant industry or context.
Compliance with such regulations has significant implications: it not only assures that entities operate within legal frameworks but also promotes trust and reliability in the industry. Non-compliance can lead to legal repercussions and damage to an entity's reputation.
Implications
- Ensures that practices are achievable and useful.
- Maintains high standards and quality assurance.
- Establishes a legal and ethical foundation for operations.
Complete Question
According to Regulation 173 (2)(b), what specific requirement does it outline that entities or individuals must comply with? Explain the implications of this requirement within the regulatory context it pertains to.
