This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harper Government Announces Canadians Will Have Greater Access To Natural Health Products

NHP Regulations The Natural Health Products Regulations, which came into effect in 2004, were created after many consultations with Canadian consumers, academics, health care practitioners and industry stakeholders.

These Regulations help give Canadians access to a wide range of natural health products that are safe, effective and of high quality.

Under the regulations, to be legally sold in Canada, all NHPs must have a product licence, and the Canadian sites that manufacture, package, label and import these products must have site licences. 

New Approach to NHPs The Government has introduced a new approach to NHPs that provides a stable, predictable regulatory environment for the efficient processing of applications.

The new approach introduces new policies and process improvements to speed up application review and focus evaluation efforts on complex applications.  These changes are complemented by newly revised guidance on the requirements and pathways for licensing NHPs. The Department is also developing a new approach to site licensing focused on greater quality assurance for products.

From now on, product licensing decisions will be made in 180 days or less. Decisions on certain types of products will be made within 30 days.

Consumer Safety Safety remains the top priority.  The policies under the new approach do not change the measures in place to protect consumer safety. The level of evidence required to demonstrate safety remains the same, and products will continue to be labelled with required cautionary statements.

Companies are still required to submit reports of serious adverse reactions (ARs).  This will not change. Health Canada will continue to collect, monitor, and analyze ARs to NHPs through the Canada Vigilance Program. The Department is also developing new tools for monitoring NHP ARs in the Canada Vigilance database.

Temporary Natural Health Products (Unprocessed Product Licence Applications) Regulations When the Natural Health Product Regulations came into effect, they captured a large number of products that were already on the market and needed to be licensed. This created an immediate large number of unprocessed applications.

To address this, the Government introduced a temporary set of regulations in August 2010 called the Natural Health Products (Unprocessed Product Licence Applications) Regulations (NHP-UPLAR).

NHP-UPLAR provided a short-term way for products to be legally sold when Health Canada had not completed its licensing decision within 180 days.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs