Find out whether a rule change is yours to deal with
A workflow that reads policy and legal news for what it obliges you to do, by when, and who inside the organisation owns it.
The problem
Regulation is written for everybody and lands on somebody. The gap between "this rule exists" and "this rule applies to us, here, by this date" is where the work is, and a summary never crosses it.
The workflow
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1
Who Wins and Loses From the Policy
Work out what the policy actually requires, and of whom, separately from how it is being reported.
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2
Read the same text for the legal obligations and exposure rather than the political story.
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3
Turn it into what your organisation has to be able to show, and when.
What you put in
Coverage of a new regulation, a consultation, a court ruling or a regulator's statement.
What you get back
The last step answers under these headings. They are read from What the Rule Change Requires itself, so this list changes when the template does — it is not a transcript of a run.
- What is the rule change?
- What is the exposure?
- What action is required?
- What evidence should be documented?
Setting it up
- Open the workflow builder and start a new workflow.
- Add the three templates above as steps, in that order.
- Set your country on the profile page. Rules, dates and enforcement differ by jurisdiction, and a global answer is frequently wrong locally.
- Save it, and run it on each regulatory story you would otherwise have forwarded to legal.
If it does not work
It hedges on every deadline.
It should. A deadline that depends on which entity you are, or on secondary legislation not yet published, is a hedge in the source and not in the reading. Treat the hedge as the finding.
This is not legal advice, is it?
No. It reads a document and tells you what to ask about. Somebody qualified still has to answer.