Change impact register
- Controls to update: 0, 0 person-days.
- Controls unaffected: 0.
Global Compliance · Expanded Global Compliance
Regulatory Change Impact Intelligence
Watch approved authoritative sources, detect changes that matter, identify the entities, processes, systems and controls they affect, and start a governed review and rem…
Demonstration: Rosewell Capital Management (fictional) · Asset management. Fictional data and a scripted answer.
The situation
- Organisation
- Rosewell Capital Management (fictional)
- Who is asking
- Compliance change manager
- Industry
- Asset management
- What happened
- A regulator has issued a consultation response that changes four reporting rules from next year.
The question asked
Which of our controls and procedures are affected by the rule change, and how much work is that?
What it reads, and who can see the result
- Rule change summary (synthetic) documentWhat changes and when.
- Control library registerControls with owners and the rules they cite.
- Reads
- The change summary and the control library with owners.
- Does not read
- Transaction data.
- Permission
- Compliance read access.
- Who sees it
- The compliance change manager and control owners.
Try it
Review each flagged record: confirm it or dismiss it. The totals and the answer below follow your decisions.
| Control | Owner | Rule cited | Effort (person-days) | Finding | Decision |
|---|---|---|---|---|---|
| Quarterly transaction report | Operations | Reporting rule 4.1 | 15 | Rule 4.1 now requires monthly submission | |
| Client classification review | Compliance | Reporting rule 2.3 | 0 | Matched | None needed |
| Breach register | Compliance | Reporting rule 6.2 | 6 | Breach register must now record the root cause | |
| Annual attestation | Compliance | Reporting rule 1.1 | 0 | Matched | None needed |
| Trade reconstruction | Technology | Reporting rule 5.4 | 40 | Retention period extended from five to seven years | |
| Complaints handling | Client service | Reporting rule 3.2 | 4 | New 15-day acknowledgement deadline |
- Flagged
- 4 of 6 · 65
- Update needed
- 0 · 0
- Not affected
- 0 · 0
- Undecided
- 4 · 65
The answer
Simulated answer. Written for this fictional case, not produced by a live model. Only the figures in it are computed, from what you decided above.
4 of 6 controls cite a rule the change touches, about 65 person-days of work.
The change summary names four rules; each is matched to the controls that cite it [S1][S2]. The biggest piece is the retention extension, which is a technology job, not a policy rewrite.
You have marked 0 as needing an update (0 person-days) and 0 as unaffected; 4 are undecided. A control that cites a rule may still be unaffected, which is why a person decides.
Relies on: S1 · Rule change summaryS2 · Control library, reporting
Review and approval
The compliance change manager decides. Approving creates change tasks for the controls needing an update. It does not change a control.
Not ready to approve. 4 flagged controls are still undecided. Confirm or dismiss each one first.
In the product this is a different person with the right permission. Here you play that role to see the rule.
What it produces
Limits of this example
- Effort figures are estimates from the control owners, not measurements.
- Matching is by the rule a control cites; an uncited dependency would be missed.
- This is a scripted demonstration on fictional data. No model was called and no real organisation, person or result is shown.
More in Global Compliance
- The compliance command centreObligations, deadlines and changes are scattered across inboxes and spreadsheets, so something is eventually missed.
- Corporate and financial regulationFilings, tax obligations, licences and entity records are tracked by different people, often on different dates.
- People, sector and international dutiesEmployment, privacy, security, environmental and cross-border duties sit with different teams and are rarely seen together.
- Assurance and evidenceWhen an auditor or an inspector arrives, evidence has to be found in a hurry, and gaps appear for the first time.
- Regulatory Applicability IntelligenceWork out which obligations may apply to this business from its legal entities, activities, industry, locations, workforce and other verified facts, and show each as appl…
- Continuous Control MonitoringEvaluate whether each control is operating: evidence present and current, expirations, exceptions and failures, so assurance is ongoing instead of a one-time checklist.
- Contract Compliance IntelligenceRead customer-authorised contracts for obligations, service commitments, deadlines, renewals, restrictions, responsibilities and compliance risks, with citations to the…
- Audit Readiness and Evidence CompletenessConnect each obligation to its controls, evidence, owner and effectiveness, show which artifacts are missing, and produce an evidence-backed preparation and gap report.
The Global Compliance story · This capability in the full register