Regulatory change management is the structured process of monitoring, assessing and implementing changes in laws, regulations and industry standards that affect an organisation. It involves scanning regulatory landscapes, evaluating the impact of new or amended requirements on existing policies and controls, and coordinating the necessary updates across departments.
Without a robust regulatory change management process, organisations risk non-compliance, fines and reputational damage. Effective programmes typically combine automated regulatory intelligence feeds with expert review, clear RACI assignments and documented timelines for implementation, ensuring that no legislative change is overlooked or inadequately addressed.