You're both right, but I'm pretty sure that you're having two separate but related discussions.
Certification by itself does absolutely nothing. It's a piece of paper.
However, it's a piece of paper that you can not get unless you've done a bunch of other stuff.
Regulations would have prevented this, because they would have required the certifications, which would have required the other stuff.
In this case, they didn't do the other stuff.
They didn't test the hull to see if it could take the pressure.
They explicitly decided not to bother testing the hull to see if it could actually take the pressure.
They certainly didn't do any fatigue testing to see how repeated pressure cycles impacted the material. The material that is extremely complex, and which nobody has done this with.
Because they didn't do that testing, they had no way to reliably know if other steps were required, like only using it X number of times, or establishing processes to do specific inspections to look for whatever kinds of damage might happen as a result of repeated stress.
So yes, if they had actually followed the process, this wouldn't have happened. They explicitly arranged to use the vessel in locations where they could not be held to the process.
But they didn't want to follow the process. Which means more than 'they didn't do the certification', it means that they also didn't do many of the other things that would have been required to get that certification.
And the lack of regulation meant that nobody could shut them down for those decisions.