Compliance teams within different organizations spread across industry verticals, work towards achieving regulatory requirements through different regulatory compliance, control assurance and monitoring programs. Part of their responsibility is also to manage and respond to regulatory interactions such as information, investigation and inspection requests, meeting notes and outcomes, formal orders and other correspondences.
The purpose of this offering is to streamline the process of organization’s interactions with regulatory bodies thereby enabling them to efficiently maintain a repository of such requests along with their responses and ensure organizational readiness towards meeting underlying compliance requirements through other linked assurance processes.
The HCL Regulatory Interactions Management app-pack provides organizations a way to:
Register regulatory interactions, identify internal respondents, and track responses to closure
Consolidate responses and track supporting evidence
Track approvals for external communication readiness
Trigger regulatory reviews, policy change requests, findings, associated actions and impacted risks and controls
Streamline the process of the organization’s interactions with regulatory bodies
Efficiently maintain a repository of requests along with their responses
Ensure organizational readiness towards meeting underlying compliance requirements
This offering requires the RSA Archer Issues Management use case. In addition, the following core applications found within the RSA Archer Enterprise Catalog package are required for this offering:
The offering can also link regulatory interactions to existing compliance risks via a cross-reference to the following optional applications: