How does the RMI assist with Regulatory compliance?
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organisations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations. Due to the increasing number of regulations and need for operational transparency, organisations are increasingly adopting the use of consolidated and harmonised sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.
To this end the RMI aims at providing assistance in managing risks associated with regulations and the challenges of meeting regulatory requirement for its members.
Our Regulatory Compliance department will aver to assist members to identify the laws, rules, codes and standards applicable to their operating environment in order to provide the necessary advice on all compliance issues.
See the Regulatory compliance manual here: