In this article, we discuss the evolution of the Regulatory Affairs Competency Framework, and its significance. Our goal is to stimulate discussion about the current status of the profession and the knowledge, skills, and abilities that regulatory professionals need today, and in the future. As innovation occurs, it is important that regulatory professionals stay relevant and have the necessary skills and competencies to make substantive contributions to their organisations. We believe that this framework is an important contribution towards this goal. In addition, it offers guidance on the role of the regulatory professional in the delivery of safe, high quality, and accessible healthcare products for human and animal use to patients and consumers worldwide.