Another significant advantage of smart regulation is the potential for reduced compliance costs. Traditional regulatory frameworks often impose hefty costs on businesses, particularly small and medium enterprises (SMEs), which may lack the resources to navigate complex regulatory environments. By simplifying requirements and utilizing technology, smart regulation can lower these costs, allow for greater market participation, and stimulate economic growth. The adoption of regulatory sandbox models, which allow for experimentation with new business models in a controlled environment, exemplifies this approach.
Failure to maintain the integrity of the seal faces or the liquid film can result in leaks, which can lead to equipment damage, product contamination, and safety hazards Failure to maintain the integrity of the seal faces or the liquid film can result in leaks, which can lead to equipment damage, product contamination, and safety hazards
