You can find European guideline here:
It does't mention shape or color though
<short citation>
1.2.4.
Stopping device
Normal stopping
Each machine must be fitted with a control whereby the machine can be brought safely to a complete stop.
Each workstation must be fitted with a control to stop some or all of the moving parts of the machinery, depending on the type of hazard, so that the machinery is rendered safe. The machinery's stop control must have priority over the start controls.
Once the machinery or its dangerous parts have stopped, the energy supply to the actuators concerned must be cut off.
Emergency stop
Each machine must be fitted with one or more emergency stop devices to enable actual or impending danger to be averted. The following exceptions apply:
- machines in which an emergency stop device would not lessen the risk, either because it would not reduce the stopping time or because it would not enable the special measures required to deal with the risk to be taken,
- hand-held portable machines and hand-guided machines.
This device must:
- have clearly identifiable, clearly visible and quickly accessible controls,
- stop the dangerous process as quickly as possible, without creating additional hazards,
- where necessary, trigger or permit the triggering of certain safeguard movements.
The emergency stop control must remain engaged; it must be possible to disengage it only by an appropriate operation; disengaging the control must not restart the machinery, but only permit restarting; the stop control must not trigger the stopping function before being in the engaged position.
Complex installations
In the case of machinery or parts of machinery designed to work together, the manufacturer must so design and construct the machinery that the stop controls, including the emergency stop, can stop not only the machinery itself but also all equipment upstream and/or downstream if its continued operation can be dangerous.