Since the objectives of this Regulation, namely laying down rules for substances and
establishing a European Chemicals Agency, cannot be sufficiently achieved by the
Member States and can therefore be better achieved at Community level, the Community
may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5
of the Treaty. In accordance with the principle of proportionality, as set out in that Article,
this Regulation does not go beyond what is necessary in order to achieve those objectives.