Legal & Regulatory Compliance

What is Legal and Regulatory Compliance

Legal and regulatory compliance means ensuring the organisation meets its legal obligations ethically and proactively, which includes:

• Acts, regulations, codes and other subordinate legislation
• Operating licences and other authorisations
• Government policy
• Government and industry guidelines and practice statements
• Court cases (common law)
• Conditions imposed on approvals and other licences.
• Reporting requirements (provision of data or information)
• Requirements for accreditation (JCI, NABH and NABL etc.), registration or licensing
• Complying with timeframes associated with legislation for performing activities Financial obligations

Benefits of Legal Compliances:

Regulatory risk is minimised through a proactive culture of compliance. Compliance strengths and weaknesses are identified in order to benefit from the strengths and effectively address any weakness.

• Maintains and raise the level of awareness of its compliance obligations within the organisation through the provision of education, training and legal advice
• Develops and applies practices and processes to ensure compliance with legal and regulatory obligations
• Monitors compliance with legal and regulatory obligations
• Takes action to prevent recurrence of compliance failures.