2023/988/EU - General Product Safety Regulation is to ensure that EU consumers are protected against dangerous products and to guarantee the proper functioning of its single market.

Definitions
The Regulation defines terms such as "product", "safe product", "dangerous product", "risk", "serious risk", "placing on the market", "manufacturer", "economic operator", "consumer", etc. 

Contents
A "safe product" means any product which, under normal or reasonably foreseeable conditions of use, including the actual duration of use, does not present any risk or only the minimum risks compatible with the product’s use, considered acceptable and consistent with a high level of protection of the health and safety of consumers. 
It is the responsibility of economic operators to place only safe products on the market. Manufacturers have the obligation to carry out a risk analysis and to draw up technical documentation before placing their products on the market. To ensure the traceability of a product through the supply chain, each product should carry information that allows identification of the product itself as well as the manufacturer or other relevant economic operators. If economic operators become aware that a product is dangerous, they must take corrective measures and inform, through the Safety Business Gateway (part of Safety Gate), market surveillance authorities and cooperate with them.
Providers of online marketplaces have the obligation to register on Safety Gate and identify a single contact point. Providers of online marketplaces must ensure that they have internal processes for product safety in place in order to comply with the requirements of the Regulation. 

The Regulation also establishes Safety Gate, which comprises three elements: first, a rapid alert system on dangerous non-food products through which national authorities and the Commission can exchange information on such products (Safety Gate Rapid Alert System); second, a web portal to inform the public and enable

them to submit complaints (Safety Gate Portal); and, third, a web portal to enable businesses to comply with their obligation to inform authorities and consumers of dangerous products and accidents (Safety Business Gateway). 

The Regulation applies from 13 December 2024. Member States may not impede the making available on the market of products covered by Directive 2001/95/EC which are in conformity with that Directive and which are or were placed on the market before 13 December 2024.

Annex
Correlation table Directive 2001/95/EC - Regulation 2023/988/EU