When have you ever known government regs to be well thought out?!
There is an old piece of car safety advice, said to be very effective and very cost efficient. Place a rigid 6" long steel spike in the centre of car steering wheels and remove seatbelts, then every one would be very careful how they drove!
The intentions and concepts are good. They just seem to get carried away, and end up with crazy levels of feature creep. Hence resulting in what at least some others, think are overly onerous regulations!
Analogy: Someone here, just needs a £20, used analogue crt Oscilloscope. For general hobby work.
They then start a thread somewhere, saying, don't worry about budget, what scope should I get.
Then someone says, you should get at least 100 MHz bandwidth.
Then someone else (also without checking your usage, which is only for audio work, to a maximum of 20 KHz), Hence 500 MHz bandwidth, hence someone insists digital are better.
Then someone says you should get isolated inputs.
4 Input channels (just in case).
Future proof it and get a 2 GHz bandwidth model.
Etc etc.
The £20 used model, has to now be a £75,000 oscilloscope, which ends up being taken out of its box twice. Once for checking an AA battery is 1.5V, the other time is for a 2 KHz signal.
Yes, by all means, get a scope. But a £300 digital Rigol/Siglent etc. Not a super expensive one.
But it would apply to whatever someone wants to buy or achieve.
China (less so India/Others), are apparently doing very well, financially, and selling tons of stuff round the world. Yet, as regards western rules and regulations. They seem to have much less.
These rules and regulations, could price the West out of too many markets.
Quality and safety are good, but is the price too high ?
tl;dr
Make things of reasonable/good quality and safe, but DON'T go overboard.
Specify a Toyota/Ford/Hyundai type of regulation, NOT a Rolls Royce/Lexus/Top Mercedes S class/BMW/Ferrari etc
'Good enough', not 'Gold plated, excessive opulence'.