In today’s ever-changing regulatory environment, firms require a suite of tools and solutions that collate rules and regulatory changes and interpret and apply changes to internal procedures and policies.
Thomson Reuters Accelus Policy Manager offers compliance professionals an enterprise-wide solution that removes the cost and burden associated with policy management and directly connects internal policies to external regulatory rulebooks. This direct connection is a powerful tool that reduces lag time between rule changes and compliant behavior and also helps to reduce the firm’s exposure to regulatory censure because rule changes are automatically emailed, as they occur, to the responsible compliance team members alerting that action is required.
The record keeping function within Policy Manager provides immediate insight into who has read an updated policy, thereby presenting a full evidence trail of policy acceptance and adoption. This highly auditable approach ensures effective supervision and effortless evidencing to the regulator.