Regulatory Requirements Management involves overseeing and handling the various laws, regulations, and standards that apply to an organization. This includes tracking changes in regulations, assessing their impact on operations, and ensuring that all requirements are met. Effective management requires keeping up-to-date with regulatory developments, implementing necessary changes in policies and procedures, and communicating requirements to relevant stakeholders. By managing regulatory requirements efficiently, organizations can avoid compliance issues, minimize risks, and ensure that their operations remain within legal boundaries.
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