Keeping pace with ever-shifting regulatory requirements is a significant challenge – and even the most diligent compliance teams can be caught out sometimes. Our re-launched Regulatory Change Management (RCM) module is designed to eliminate the risk of oversights. Thus it gives your organisation peace of mind and the ability to focus on growth-oriented activities such as user experience, marketing and, crucially, digital transformation.
What’s new: During the past 12 months we’ve invested heavily in RCM, adding new features and strengthening its capabilities to turbocharge our support for your compliance objectives. Here’s what RCM can now do:
- Advanced horizon scanning: Never miss a regulatory update, with our early warning system. All relevant changes and new rules are flagged in a timely manner. The module’s ‘quick dismiss’ tool allows you to ignore updates that don’t affect your organisation.
- Change action planning: Take control of essential regulation change tasks, ensuring the right teams implement updates ahead of enforcement deadlines.
- Categorised information filtering: See clearly what areas of regulation (think DORA, Consumer Duty, Operational Resilience) are undergoing change via our smart filtering system. A new category dashboard card is now visible to non-admin users, making it easier to grow awareness of regulatory updates across your organisation.
Crucially, these advancements are all integrated, meaning you don’t have to switch between different platforms and systems to stay on top of your regulatory obligations.
And it’s easy to get up and running. Simply:
- decide on a start date for feed data
- set customised notifications for published regulations
- add comments and tasks for relevant teams
- report to committees and boards.
Additionally, to make your integration even more seamless, we’ve published a user-friendly FAQ section in the module.
How RCM benefits you: This module provides the tools to help you switch from a reactive position to a proactive one. With RCM, you can develop a decisive action plan for any upcoming changes, ensuring your organisation is fully prepared for shifts in the regulatory landscape.
The module also allows you to demonstrate full, transparent control to vital stakeholders like the FCA or your head office, building confidence in your organisation both internally and externally.
RCM is your must-have early warning system. It provides you with a responsive approach that will significantly reduce your compliance burden, giving your firm a strategic advantage. It allows firms to adapt early and allocate resources efficiently while building trust with regulators and clients. In short, it’s a vital part of running a resilient and future-ready business.
Explore how this module can transform your regulatory change management processes today. Please contact Jenny Kenlin, Head of Customer Engagement, for more information:
T: +44 (0)20 4583 2049
E: jenny.kenlin@mycompliancecentre.com