👉 In the context of regulatory compliance, a "preregulatory" or "pre-licensing" phase refers to any stage in the process where an organization is required to submit a preliminary proposal for a new product or service. This phase can be initiated by regulatory bodies such as the FDA (Food and Drug Administration) for pharmaceutical products, or similar organizations for other types of products. Preregulatory processes are often used to gather feedback from stakeholders and gather information about potential issues before a full application is
