How are you regulated?
May 01, 2019
Regulatory enforcement in the lubricants industry is a growing challenge from a global scale down to a local level. Social interests and priorities vary amongst countries, affecting how those regulations are enforced. For example, meeting international requirements compared to complying within the United States can greatly differ, so it’s vital to have resources available to stay up-to-date on the strict policies.
“Some agencies seem to have a ‘find and fine’ approach to enforcement, while others are more willing to engage in dialogue and compliance assistance.”
— Jennifer Gibson, vice president of regulatory affairs, NACD
However, resources exist that inform industry members of the fluctuating regulatory enforcements, and can help save companies from the risk of falling short of certain requirements. Learn more about how to stay current with the constantly changing regulation requirements here.
Why should you care?
It’s important to be as informed with the every-changing regulations as possible. Lack of awareness of certain requirements can end up cost companies thousands and even millions of
dollars.
