CONCEPT DOMAIN - Regulatory Compliance
| Description | The Regulatory Compliance encompasses methodological concepts used in the process of ensuring that an enterprise complies with applicable laws, regulations, standards, and ethical practices relevant to its operations. This activity involves monitoring legal Regulatory Frameworks, implementing policies and procedures to meet those obligations, and conducting audits or assessments to verify adherence. Effective regulatory compliance helps mitigate legal risks, avoid penalties, and maintain trust with stakeholders while promoting ethical and responsible business conduct. It spans various areas, including data protection, financial reporting, environmental regulations, and industry-specific mandates. |
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| Dictionary | 
Dictionary of SysFEAT concepts |
| Parent Domain | 
SysFEAT Enterprise Domains |
| Domain dependencies | 
Appraisal Pattern
Operational Assurance |
DOMAIN CONCEPT GRAPH
Diagram Graph
CONCEPT DESCRIPTIONS
Concrete Concepts
| Concept | Description |
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Compliance Assessment |
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Compliance Case |
A Compliance Case is an Assurance Case (a claim) that a particular set of Resource Operating Assets (Systems or Processes) adequately mitigates certain identified Compliance Risk Types by means of appropriated controls. A Compliance Case shall provide confidence that the concerned assets will function as intended in their environment of use. |
Compliance Risk Type |
A Compliance Risk Type a kind of Operational Risk Type that involves the potential for legal penalties, financial forfeiture and material loss, due to non-compliance with laws, regulations, or standards. |
Compliance System |
A Compliance System is an Assurance System aimed at ensuring enterprise compliance and risk mitigation against both Regulatory Frameworks an Control Frameworks. It encompasses processes, policies, and technologies that work in concert to validate the enterprise adherence to regulatory requirements while simultaneously bolstering the enterprise's ability to withstand and adapt to various challenges and disruptions. |
Control Directive |
A Control Directive is a kind of Policy that provides recommendations on how to comply with Regulation Articles. Once implemented, Control Directives enforces any Regulatory Framework your enterprise has to comply with. |
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Governance Committee |
A Governance Committee is a group of Stakeholders that contributes to architecting and assurance activities and governs Enduring Initiatives. |
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Individual Stakeholder |
An Individual Stakeholder is a person with a Stakeholder role in architecting & assurance activities. |
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Management Initiative Committee |
A Management Initiative Committee is a Governing Team responsible for overseeing the administration of a Management System. |
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Regulation Article |
Compulsory Policy, define by law, that is not directly enforceable whose purpose is guide enterprise activities. Regulation Articles are classified by Regulation section in the context of a Regulatory Framework. |
Regulatory Framework |
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Resource Operational Asset |
A Resource Operational Asset is a kind of Resource Operating Asset (agent or behavior) that is involved in core operations, as distinct from Resource Operating Assets that govern their security and reliability (Control Measures). |
GRCschema.org - ControlAbstract Concepts
| Concept | Description |
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Assurance Case |
An Assurance Case is a claim that a particular enterprise asset or group of Functional Asset adequately mitigates certain identified Risk Types by means of appropriated Control Measures. An Assurance Case shall provide confidence that the concerned assets will function as intended in their environment of use. Privacy Processing Activity(ies), Data Lineages are examples of Assurance Cases . |
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Assurance Instrument |
An Assurance Instrument is a resource or course of actions used by an Assurance System to achieve its objectives. For instance: Actions plans are course of actions aimed at solving incidents. Data Controls are mechanisms used to ensure data quality and data integrity Privacy Representatives are used to identify national entities in charge of privacy. |
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Control Measure |
A Control Measure is a Resource Operating Asset (agent or behavior) that is taken to prevent, eliminate or reduce the occurrence of a hazard that has been identified in the context of an Assurance Case. |
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Governance Event |
A Governance Event is any event that has an impact on the management and governance of an Enduring Initiative. |
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Management System |
A Management System is a mezzo Enduring Initiative within an Enterprise, aimed at creating, maintaining, evaluating, evolving, and operating a collection of essential Functional Architecture Assets of the Enterprise. A Management System may transcend organisational boundaries and consequently requires an integrated team working under the direction of a Management Initiative Committee. |
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Risk Type |
A Risk Type is a distinct category or classification of risk based on its origin, nature, or potential impact. It helps in organizing and addressing different sources of uncertainty or potential harm that an individual, organization, or system might face. By categorizing risks into different types, entities can develop more targeted mitigation strategies and response plans. Common risk types include Operational Risk Type, Privacy Risk Type, and Compliance Risk Type, among others, |