Tackling the Headache of Regulatory Compliance

Who are the regulators who can have a major impact on your business? Which of your colleagues are involved in managing the relationship with them? Do they know more about the regulations than you do? Is that a relief or an anxiety?

Some processes for your business to make sure are in place, instead of hoping that there won't be a knock at the door:

• determine scope of existing regulation
  
• promote understanding of contravention implications
  
• dialogue with regulators and enforcement officers
  
• contribute to framing of proposed regulation
• introduce and sustain compliance programmes