In Germany you can find some limits of heavy metals in cosmetic products in the law

about cosmetic regulations

http://www.gesetze-im-internet.de/bundesrecht/kosmetikv/gesamt.pdf

Thanks

Here is a link to a report (searched for with Google) which briefly states the limits across a number of regulating bodies such as the US, Canada, the European Union, and Japan.

http://ec.europa.eu/consumers/sectors/cosmetics/files/pdf/iccr5_contaminants_en.pdf

The link of the law of cosmetic regulations have changed the place. You can find it and the text supplements at:

http://www.gesetze-im-internet.de/kosmetikv_2014/

http://www.gesetze-im-internet.de/lmg1974_25anwg/

http://www.gesetze-im-internet.de/lfgb/

You find some heavy metal limits in cosmetics in the listings of

Regulation of Canada

http://www.hc-sc.gc.ca/cps-spc/pubs/indust/heavy_metals-metaux_lourds/index-eng.php

Centre for Science and Environment New Delhi

http://www.cseindia.org/userfiles/Heavy_Metals_in_Cosmetics_Report.pdf

The European Cosmetic Regulation from 2009

http://ikw.org/fileadmin/content/downloads/Sch%C3%B6nheitspflege/SP_Kosmetikrichtlinie-en.pdf

The limits of heavy metals in cosmetics should be lower than those listed by regulatory organisations in foods, water, and air as they are extremely toxic. Furthermore individuals have differing immunities.

The limit is below the toxic levels. Different countries have different regulations.