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Regulatory Change Management Process
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Is your current regulation change management process documented, and if so, can you please share your process with us?
Please describe your process or attach a file below
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What commercial solution do you currently use for regulatory change management?
Please add the name of the solution.
What is the volume of regulatory documents (average number of documents) that you review and assess on a monthly basis?
Is your regulatory change content collection process automated?
Does the technology used for the RCM process automatically extract and manage deadlines, topics and referenced regulations from within regulatory change documents?
How many jurisdictions does your company or line(s) of business operate in?
What geographies and jurisdictions are most important to you?
How do you identify and determine the differences in regulatory changes across different jurisdictions?
How often does the team review regulatory changes and determine that the updates are not relevant to your company or line(s) of business?
How do you track and monitor enforcement actions?
How do you assign assessment, analysis and planning tasks for change management?
How do you establish deadlines for assigned assessment, analysis and planning tasks?
Do you have software that can automatically identify obligations for your company or line of business?
Who determines your obligations?
How long does it take you to assess regulations and their impact on the business when considering the expansion of a product or jurisdiction?
How do you report regulatory change summaries and summary of team activity within your current RCM process?
How long does it take to produce monthly regulatory change activity reports?
Has your company hired additional compliance team members in the last 3 years to keep up with regulatory change?
How do you determine if you need more resources within the compliance team?
Does your team provide third-party certified and tamper-proof regulatory activity reports to auditors and examiners?
How much time and resources do you spend on average, on the activities and processes above on a weekly basis?
What is most important to you in the RCM process? What RCM process problems are you trying to solve, and can you highlight your most pressing needs?
Are you using or considering one platform for your risk, compliance and governance needs, or would a standalone regulatory change solution suit your needs?
Do you currently use a GRC solution?
Please specify which brand
If using GRC, how are you getting regulatory changes fed into your GRC solution?
Team & Organizational Structure
What is the size of your compliance team?
How is the compliance team structured?
Please describe your role
Procurement & Implementation Process
Is there a selection committee established for selecting an RCM solution?
What is your team’s timeframe to implement a regulatory change management solution?
Do you have a consulting firm or system integrator involved in your selection process for an RCM solution?
Are you seeking an enterprise-wide solution or a solution for one or more lines of business in your firm?
Does your firm use other SaaS or cloud software?
Do you plan to integrate your new RCM solution with existing systems?
Does your firm prefer to implement integrations with in-house resources or using outside resources and expertise?
Does your firm standardize workflows with a particular technology?
Please specify which one
Do you have an established budget cycle?
Attach Documents
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Accepted file types: jpg, gif, png, pdf, xls, doc, docx, Max. file size: 64 MB.

RCM Assessment

Regulatory Change Management Process

Team & Organizational Structure

Procurement & Implementation Process

Asif Alam

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