with 400+ brands registering more than 40,000 products in the UK alone, the money spent on compliance has been staggering.
However, the majority of these notifying companies believe that their compliance journey ended with these notifications, when in fact it had only just began.
Regulatory compliance for the vaping industry has only just begun, with it likely to increase in complexity over the next 2-3 years. Annual sales figures submissions are only part of the ongoing obligations for any company with live notifications. One of the most important aspects (that 95% of brands are unaware of) is a system for monitoring and tracking potential adverse effects. The pharmaceutical industry is used to this, but its a bolt out of the blue for the vaping industry! Quite simply you need a suitably robust system to record any potential adverse effects of your product, in the local language of every market that you are present within.
The fact that this was such a shock to almost everyone we spoke to, led us to create an online portal that can be white labelled and charged on a small monthly fee per country/language, as required.
Posted on January 3, 2018 by Lee Bryan