Regulatory compliance is an organization's ability to adhere to applicable laws, regulations, standards and internal policies.
Regulatory compliance encompasses the systematic management of all legal, regulatory and voluntary obligations. ISO 37301 provides the certifiable framework for establishing a compliance management system. It includes obligation identification, non-compliance risk assessment, controls and continuous monitoring.
Yes, in practice they are used interchangeably. 'Compliance' is the English term adopted globally; 'regulatory compliance' is its precise equivalent.
ISO 37301 is the certifiable reference standard for compliance management systems. It replaced ISO 19600 which was guidelines-only.
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