Requirement Details & Guidance
REG-005-R003 · REG-005Why This Requirement Exists
This requirement exists to ensure regulatory changes are assigned, implemented, evidenced, escalated, and closed through a controlled and auditable workflow.
Implementation Guidance
Configure workflow states, ownership, due dates, approvals, escalation rules, evidence capture, and closure criteria. Maintain a complete audit trail and integrate implementation activities with affected policies, controls, risks, and obligations.
Practical Application & Audit Readiness
REG-005-R003 · Field GuidanceBusiness Examples
A regulatory change ticket is automatically assigned to Legal, Compliance, IT, and a business owner, with milestones, evidence, approvals, and closure validation recorded.
Common Audit Findings
Regulatory change actions lack accountable owners, deadlines, status evidence, approvals, or complete audit trails.
Common Mistakes
Tracking actions in disconnected spreadsheets or email; closing actions without evidence; failing to escalate overdue implementation tasks.
Best Practices & Ownership
REG-005 · Recommended ApproachRecommended Practices
Use workflow-based assignment, due dates, approvals, status states, escalation rules, evidence repositories, and controlled audit logs from identification through closure.
Typical Owner
Compliance / Regulatory Change Manager
Cross-Mapped Regulatory Frameworks
Harmonized Control Mappings| FRAMEWORK CODE | FRAMEWORK NAME & DETAILS | FAMILY / CATEGORY | VERSION | ACTION |
|---|---|---|---|---|
| COBIT2019 | COBIT COBIT is an enterprise governance and management f... Clause: 4.5 – Monitor, Evaluate and Assess (MEA) > MEA03 – Managed Compliance With External Requirements > MEA03.02 – Optimize response to external requirements.; 4.3 – Build, Acquire and Implement (BAI) > BAI06 – Managed IT Changes > BAI06.03 – Track and report change status. |
COBIT
Governance Framework
|
v2019 | View → |
| ISO22301 | ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 6.2.2 – Determining business continuity objectives, 8.1 – Operational planning and control |
ISO
Standard
|
v2019 | View → |
| NIST-CSF | NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.RR-02 – Roles, Responsibilities, and Authorities; ID.RA-06 – Risk Assessment |
NIST
Framework
|
v2 | View → |
| PCI-DSS | PCI DSS PCI DSS is an industry security standard maintaine... Clause: 6.5.1 – Changes to all system components in the; 6.5.2 |
PCI
Standard
|
v4 | View → |
Parent Domain Context
Governance Domain BaselineDomain Name:
Regulatory Change Management (REG)
Purpose:
To systematically identify, track, and assess changes in relevant laws and regulations to ensure the organization remains compliant.
Scope:
Enterprise
Parent Control Context
Control BaselineControl Name:
Regulatory Change Workflow & Audit Trail (REG-005)
Summary:
Provides workflow-based routing, ownership assignment, due dates, status tracking, escalation, evidence capture, approval records, implementation decisions, and immutable or controlled audit trails for regulatory changes.
Business Description:
Use documented workflows to assign regulatory changes to accountable stakeholders, track implementation activities, record decisions and evidence, and maintain a complete audit trail.