1. Monitoring & Discovery: How do you currently stay on top of new regulatory developments?

(1) Manual: Reliance on newsletters and alerts; prone to information overload or missed updates. (2) Centralised: Professional scanning tools are used, though filtering for relevance still requires manual effort. (3) Targeted: Curated, jurisdiction-specific alerts pre-filtered for your specific business model.

2. Initial Triage & Collaboration: When a regulatory update arrives, how does your team review and coordinate around it?

(1) Fragmented: Email-based or ad-hoc; no central record of ownership or status. (2) Centralised Queue: Updates enter a shared workspace where team members claim and review tasks. (3) Collaborative Ownership: Automated triage with assigned owners and real-time collaboration linked to historical data.

3. Assessment & Business Impact: How do you determine what a regulatory change actually means for your business?

(1) Informal: Assessments rely on individual experience without a standardised framework. (2) Structured: Using consistent rating systems to document risk within a central workspace. (3) Policy Mapping: Assessments link directly to internal policies to show what is affected.

4. Workflow & Implementation: How do you manage the actions required to respond to regulatory change?

(1) Siloed: Tasks tracked in personal spreadsheets or disconnected management tools. (2) Integrated: Shared workspace for tasks and deadlines, ensuring organisational alignment. (3) End-to-End Governance: A full workflow - from alert to policy update - including an audit trail.

5. Reporting & Oversight: How easy is it to demonstrate your response to regulatory change to leadership or auditors?

(1) Manual Compilation: Reports for auditors or management are built manually by pulling data from various emails and documents. (2) Dashboard Visibility: Real-time visibility into a triage queue and workspace status, allowing us to report on trends and 'work-in-progress'. (3) Compliance Mapping: Reporting shows a live view of our compliance posture, linking every regulatory update directly to our active obligations and controls.

Is your Regulatory Change Management process fit for purpose?

Is Your Regulatory Change Process Fit for Purpose?

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