Regulatory Changes & Updates Tracking Template

Regulatory Changes & Updates Tracking in Priority Matrix

Stay compliant with evolving financial regulations by tracking and reviewing regulatory changes and updates.

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Proposed Tasks

Critical Updates

• Audit Compliance with Recent Regulatory Changes
  ☐ Conduct an internal audit to assess compliance with recent regulatory changes ☐ Address any issues identified
• Communicate Regulatory Changes to Relevant Teams
  ☐ Compile a summary of relevant regulatory changes ☐ Distribute this summary to relevant teams
• Create a Regulatory Change Database
  ☐ Design a database structure to store regulatory changes ☐ Establish a system for categorizing and tagging changes
• Establish a Regulatory Updates Source List
  ☐ Identify reliable sources for regulatory updates ☐ Compile a list of these sources ☐ Set up alerts or subscriptions where possible
• Monitor Compliance with Regulatory Changes
  ☐ Develop a system for monitoring compliance ☐ Implement this system
• Review Recent Critical Regulatory Updates
  ☐ Identify recent critical regulatory updates ☐ Review these updates and assess impact

Major Regulatory Changes

• Conduct Training on Regulatory Changes
  ☐ Develop training materials on regulatory changes ☐ Conduct training sessions
• Implement a Regulatory Change Review Process
  ☐ Define a process for reviewing regulatory changes ☐ Assign roles and responsibilities within the process
• Review Recent Major Regulatory Changes
  ☐ Identify recent major regulatory changes ☐ Review these changes and assess impact
• Review Regulatory Changes Impact on Risk Models
  ☐ Identify potential impacts of regulatory changes on risk models ☐ Review and adjust risk models as necessary
• Update Reporting Templates
  ☐ Identify required updates to reporting templates based on regulatory changes ☐ Implement these updates
• Update Risk Policies Based on Regulatory Changes
  ☐ Identify necessary updates to risk policies based on regulatory changes ☐ Implement these updates

Minor Regulatory Changes

• Review Recent Minor Regulatory Changes
  ☐ Identify recent minor regulatory changes ☐ Review these changes and assess impact

Other Updates / Etc.

• Maintain Regulatory Change Database
  ☐ Regularly review and update the regulatory change database
• Maintain Regulatory Updates Source List
  ☐ Regularly review and update the list of sources for regulatory updates
• Review and Update Compliance Monitoring System
  ☐ Regularly review and update the system for monitoring compliance with regulatory changes
• Review and Update Regulatory Change Review Process
  ☐ Regularly review and update the process for reviewing regulatory changes
• Review and Update Reporting Templates
  ☐ Regularly review and update reporting templates based on regulatory changes
• Review and Update Risk Policies
  ☐ Regularly review and update risk policies based on regulatory changes
• Review Other Recent Regulatory Updates
  ☐ Identify other recent regulatory updates ☐ Review these updates and assess relevance