Compliance with ever-changing requirements, and the mitigation of costs associated with company failures to recognize and meet compliance mandates, requires current and accurate information. Regulations present significant challenges in terms of volume introduced, measures enacted and varying email or alert service levels available from regulators’ websites.
The lack of a centralized source which acquires, compiles and delivers information from legislatures and regulators, leaves individual companies with the burden and responsibility of monitoring multiple and varied sources to achieve the breadth and depth required for compliance. The journey with a destination of regulatory change management is so much more than a simple road trip - along the way firms need to consider the demands placed on staff in addressing legislative and regulatory activity, especially in these years of perpetual heightened activity.
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