Having just bought new school shirts for kids, I discovered that all non-iron, wrinkle-free etc. textile garments are dipped into formaldehyde-based resins to make fabrics crease-resistant.
To quote Wikipedia
"In view of its widespread use, toxicity, and volatility, formaldehyde poses a significant danger to human health. In 2011, the US National Toxicology Program described formaldehyde as "known to be a human carcinogen"." 
It is probably old news for many, but I became enlightened only yesterday, and I am horrified that customers are kept in the dark and there is no mention at all about this "secret ingredient" on the labels/packaging, its quantities and potential health risks. Especially on children's clothing.
I always wash new clothes before putting them on, but as in case of school shirts they are intended to stay "non-iron", I understand the formaldehyde resin is not removed by washing.
Some retailers have introduced "kind to skin" range of school shirts, which effectively means clean from F, and hence requiring ironing. (kind of admitting that the others are not really kind to skin
)
It does not appear to be regulated in the UK. The only official information I could find regulates the Health and Safety at factories
www.hse.gov.uk/textiles/fabric-finishes.htm
AIBU to be shocked by this discovery?