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Regulatory Intelligence

REGULATORY INTELLIGENCE

World’s most comprehensive Regulatory Intelligence created and updated by our dedicated team of Lawyers, Chartered Accountants, CPAs, Company Secretaries in collaboration with Legal Experts from across the globe.

REGULATORY INTELLIGENCE

OVERVIEW

Risk & Compliances Officers globally are putting 1000’s of man-hours to collate Global Regulatory Intelligence relevant to their business and even more time to track changes without dedicated research team experienced in global regulatory framework; thus increasing costs of compliance and risks of non compliance.

Lawrbit Global Regulatory Intelligence is created and continuously updated with regulatory changes through collaborative input of 1000s of legal experts from 100+ law firm across 70+ countries. Lawrbit provides a centralized repository of all required regulatory know how that can be commonly accessed by Compliance Officers, Functional Users, Management, Board of Directors and Auditors.

Lawrbit's e-library cuts across jurisdictions, domains and area of laws. With our ever evolving library, we strive to provide coverage of all laws, regulations in practice.

Processes and technology have been designed to ensure client gets a customised library of laws applicable on its business. Wherever Regulatory Intelligence doesn't cover laws available on the client's business, legal research team works with client and law firm partners to produce the same within agreed timelines.

REGULATORY INTELLIGENCE CREATION

Technology . Domain Expertise . Local Validation

Process of library creation is supported by backend technology to ensure usage of standard formats, multi level quality checks, audits and timely updates are available. Privilege rights are designed for various user types to enable cross border coordination and contribution from various experts while creating the e-library. Laws are compartmentalised in various sections to further identify compliance obligations and its nature.

01 CENTRAL RESEARCH

Centralised legal research team conducts extensive research on laws along with changes published by law enforcing agencies, ministries using global and local legal databases, portals, etc.

02 QUALITY CHECKED

To ensure highest quality, multi level quality checks are initiated on data populated by research team. It also involve a fresh data assimilation exercise by senior resources to confirm research findings.

03 EXPERT VALIDATION

Regulatory Intelligence needs a validation of a legal expert practicing on ground. Before being published, it undergoes final round of screening by an SME practicing in respective jurisdictions & laws.

REGULATORY UPDATES

Periodic . Continuous Process . Automated

Our legal research team works round the clock to capture changes in laws through notifications, amendments, circulars, etc issued by the law enforcement authority through their website, advertisements, etc. A thorough impact analysis is done of each such changes and relevant section of the law and compliance impacted are updated. Lawrbit also allows its partners, clients, freelancing legal experts to share legal updates, regulatory notifications and contribute towards continuous updation of regulatory intelligence.

Regulatory Updates

COMPLIANCE MODULES

Compliance can broadly be classified in 4 categories and all of these have to be complied differently from others. Simply classifying them into a general compliance task can increase risks of it being missed. Lawrbit’s Regulatory Intelligence provides comprehensive coverage and customised process for each category of compliance.

ONE TIME

Licenses, Approvals,
Registrations, etc

RECURRING

Monthly, Quarterly,
Bi-Annual, Annual Filings

ON-GOING

Registers, Procedures,
Displays, Provisions, etc

EVENT BASED

Launches, Intimations,
Modifications, etc

Compliance Modules in Lawrbit Regulatory Intelligence

The licenses, approvals or registrations required during commencement of business, office, service, product line, etc under various laws are termed as “One Time” compliance. They are designed to appears in loop basis the date and duration of approval granted.

The biggest worry of any CXO are "Recurring" Compliance to be filed under various laws on monthly, quarterly, bi-annual or annual basis. While every process owner is aware of its are pre-set compliance obligations, not having a consolidated, vetted, calendar covering all laws adds to the concerns. These compliance are designed to be auto triggered on due date in owner’s calendar.

Every law defines various provisions, guidelines, procedures every business has to follow, but usually they are hidden in finer prints and are understood either by SME’s or unearthed during an external audit. As these are to be followed throughout the They are termed "On-Going" compliance are designed to be get triggered as self assessment surveys. Usually organisations miss these compliances

Event Based compliance are subsets of advisory module. Its been designed to solves the most complex compliance puzzle on a click, enables system generated intelligence that helps identify the compliance requirements across all applicable laws, auto assign them to relevant stakeholders creating auditable trail to ease compliance certification.

SALIENT FEATURES

Lawrbit
Single repository of all applicable laws and regulations globally
Lawrbit
Dedicated team to research legal advancements.
Lawrbit
News feeds obtained from multiple regulatory sources
Lawrbit
Version history of all legal updates maintained for future reference
Lawrbit
Local experts verify the changes in regulations
Lawrbit
Multiple regulatory impacts can be integrated into a single framework.
Lawrbit
Fully configurable workflow to ensure appropriate attention and prioritization during implementation.
Lawrbit
Well drawn processes to ensure consistency in identification and assessment of upcoming regulatory changes and their impact
Lawrbit
Automated notifications for reminders and escalations to put deadlines directly on users’ calendars
Lawrbit
Mapping of regulations to risks, processes, organizations, entities, standards, assets etc through a common information and data model
Lawrbit
Tracks and monitors changes to regulations, enabling better control and faster decision making Automate periodic surveys to affirm acceptance and adherence
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