Updating an existing regulation clause and adding a new regulation clause are essential
tasks for maintaining compliance and operational efficiency. When regulations change, compliance
officers update the existing clauses to reflect new requirements. They review the current
clause, make necessary adjustments, and make sure that all stakeholders are informed of the
changes. Adding a new regulation clause involves identifying gaps or new compliance needs,
drafting the new clause, and integrating the amendments into the existing regulatory framework.
Both activities help mitigate risks, ensure legal compliance, and keep the company aligned with
industry standards.
Required Editions
- Update a Regulation Clause in Existing Regulation
Update an existing regulation clause by cloning and modifying the relevant regulation version and regulation clause versions. All associated mappings among the regulation version, regulation clause versions, controls, and business operations processes are preserved, enabling quick assessments to regulatory changes.
- Add a Regulation Clause to Existing Regulation
When new clauses or provisions are introduced as part of regulation amendments, add them to regulations repository. Your compliance officers can add a new regulation clause by cloning an existing regulation version, creating a new clause, and associating it with the cloned regulation version. When you clone regulation version, all its associated mappings with the regulation clause versions and business processes are retained.
