Upon successful completion of this program, participants will be able to:

• Design and implement a formal, documented Regulatory Change Management (RCM) policy and process.
• Establish effective internal and external mechanisms for scanning and tracking new regulatory proposals.
• Conduct a rigorous, risk-based impact analysis on proposed changes across all business functions.
• Develop a structured implementation plan, including control changes and system updates.
• Identify and engage key stakeholders (legal, IT, business units) throughout the RCM lifecycle.
• Master the process of validating and testing the implemented changes for effectiveness.
• Utilize technology platforms and RegTech solutions to automate change tracking.
• Develop key performance indicators (KPIs) and metrics to measure RCM program effectiveness.

• Compliance Officers and Managers
• Regulatory Affairs and Government Relations Teams
• Risk Management Specialists
• Internal Audit and Quality Assurance Professionals
• IT and Systems Implementation Managers
• Consultants specializing in GRC and regulatory compliance
• Strategy and Corporate Development Executives

• **Scenarios:** An immediate, high-impact regulation is released; teams must conduct triage and deliver an initial impact assessment briefing to the executive team within 48 hours.
• **Case Studies:** Analyzing the consequences of a delayed regulatory implementation at a major firm, including fines and reputational damage.
• **Group Activities:** Collaboratively conducting a detailed impact analysis on a conceptual new privacy law across the HR, Marketing, and IT functions.
• **Individual Exercises:** Designing a scoring matrix for prioritizing 10 concurrent regulatory updates based on severity and implementation complexity.
• **Mini-Case Studies:** Quick evaluation of a RegTech platform's capability to auto-map regulatory clauses to internal policy documents.
• **Syndicate Discussions:** Debating whether the Legal or Compliance department should hold ultimate ownership of the RCM process.
• **Project Plan:** Drafting a high-level project plan for implementing a new anti-bribery law change.

Unit 1: The RCM Framework and Policy

• Defining the scope and governance model for Regulatory Change Management (RCM).
• The necessity of a formal RCM policy and its key components.
• Understanding the legal and ethical drivers for proactive RCM.
• Integrating RCM with Enterprise Risk Management (ERM) and internal audit.
• The role of the Compliance Committee and executive oversight.

Unit 2: Tracking and Triage

• Establishing feeds for regulatory intelligence (external news, official sources, RegTech).
• Techniques for filtering, classifying, and prioritizing incoming regulatory changes.
• The concept of regulatory horizon scanning and foresight planning.
• The RCM triage process: identifying urgency, applicability, and preliminary risk.
• Assigning initial ownership and responsibility for the incoming changes.

Unit 3: In-Depth Impact Analysis

• Methodology for conducting a detailed, cross-functional impact assessment.
• Analyzing impacts on policy, procedures, systems, data, and training needs.
• Developing the final project charter for implementing the change.
• Forecasting the cost, time, and resource requirements for implementation.
• Managing dependencies between multiple concurrent regulatory changes.

Unit 4: Implementation and Validation

• Developing the implementation plan and managing implementation projects.
• Updating internal controls, policies, and procedural documentation.
• Designing validation tests and quality assurance checks for implemented controls.
• The process of communicating changes to affected employees and stakeholders.
• Ensuring traceability from the original regulation to the implemented control.

Unit 5: Measurement, Monitoring, and Technology

• Establishing KPIs and metrics for RCM efficiency (e.g., time-to-implement, accuracy).
• The role of technology (RegTech) in automating tracking, mapping, and reporting.
• Methods for ongoing monitoring of implemented controls for sustained compliance.
• Performing post-implementation reviews and lessons learned analysis.
• Benchmarking the organization's RCM maturity against industry best practices.