Requirement Details & Guidance
REG-001-R004 · REG-001Why This Requirement Exists
This requirement exists to establish accountable governance and formal decision authority for regulatory change management and to support consistent, auditable oversight.
Implementation Guidance
Define the required governance process, accountable roles, decision rights, approval points, evidence requirements, review frequency, and escalation criteria. Maintain the governance charter and integrate regulatory change decisions with enterprise risk and compliance governance.
Practical Application & Audit Readiness
REG-001-R004 · Field GuidanceBusiness Examples
A financial services organization routes material regulatory changes to a CCB, with Legal, Compliance, Risk, and affected business owners documenting decisions and approvals.
Common Audit Findings
Governance roles, approval evidence, escalation records, or CCB decisions are not consistently documented.
Common Mistakes
Assigning regulatory changes without clear decision authority; treating the CCB as an informal meeting; failing to document approvals or escalations.
Best Practices & Ownership
REG-001 · Recommended ApproachRecommended Practices
Maintain a formal charter, RACI, approval thresholds, meeting records, escalation criteria, and decision log; review governance after material regulatory or organizational changes.
Typical Owner
Chief Compliance Officer / General Counsel
Cross-Mapped Regulatory Frameworks
Harmonized Control Mappings| FRAMEWORK CODE | FRAMEWORK NAME & DETAILS | FAMILY / CATEGORY | VERSION | ACTION |
|---|---|---|---|---|
| HIPAA | Health Insurance Portability and Accountability Act HIPAA is a U.S. federal law supported by implement... Clause: § 164.308(a)(5) Standard: Risk management |
US
Law
|
vCurrent | View → |
| PCI-DSS | PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.1.3 – The security policy clearly defines; 12.3.2 |
PCI
Standard
|
v4 | View → |
| COBIT2019 | COBIT COBIT is an enterprise governance and management f... Clause: 4.1 – Evaluate, Direct and Monitor (EDM) > EDM01 – Ensured Governance Framework Setting and Maintenance > EDM01.02 – Direct the governance system.; 4.2 – Align, Plan and Organize (APO) > APO12 – Managed Risk > APO12.06 – Respond to risk. |
COBIT
Governance Framework
|
v2019 | View → |
| ISO22301 | ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 5.3 – Roles, responsibilities and authorities, 6.1.1 – Determining risks and opportunities |
ISO
Standard
|
v2019 | View → |
| NIST-CSF | NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.RM-06 – Risk Management Strategy; GV.RR-02 – Roles, Responsibilities, and Authorities |
NIST
Framework
|
v2 | View → |
Parent Domain Context
Governance Domain BaselineDomain Name:
Regulatory Change Management (REG)
Purpose:
To systematically identify, track, and assess changes in relevant laws and regulations to ensure the organization remains compliant.
Scope:
Enterprise
Parent Control Context
Control BaselineControl Name:
Regulatory Change Governance & Oversight (REG-001)
Summary:
Defines governance structures, roles, approval authority, escalation paths, and review responsibilities for regulatory change management, including formal oversight by a CCB or designated compliance leadership.
Business Description:
Establish clear accountability and governance for identifying, reviewing, assessing, approving, and implementing regulatory changes through a Change Control Board (CCB) or designated compliance leaders.