Yes and Yes. But the specific source of those regulations–OHS, environmental laws, etc.–depends on the use and setting of the substance. Thus, for example, workplace use would be regulated under OHS/OSHA laws. The specific concentration levels and health and safety requirements depend, in turn, on the chemicals in the product, either individually or in a chemical mixture. But heck yes, it is regulated somewhere. Maybe if you give me a little more information, I can point you to the correct regulatory source.