02 — Capability · BC-140.50
Regulatory Engagement & Reporting
Deliver the reports regulators require, host their examinations without scrambling, and manage licenses and permits so the enterprise stays allowed to operate.
- Regulator Relations
- Regulatory Reporting
- Licensing & Permits
In scope
- Periodic and event-driven regulatory submissions
- Examination and inquiry management
- Licenses permits and registrations the business depends on
Out of scope
- Statutory financial statements (see BC-210)
- Litigation with a regulator (see BC-150)
Decomposes into · 4
- BC-140.50.10Regulatory ReportingProduce and file the returns and notifications each regulator requires, on time and reconciled to the source.
- BC-140.50.20Examination ManagementCoordinate regulator examinations and information requests from first notice through the response to findings.
- BC-140.50.30License & Permit AdministrationTrack every license, permit and registration the enterprise needs, renew them in time and record the conditions attached.
- BC-140.50.40Regulator Relationship ManagementMaintain a working relationship with each regulator so questions are asked of the enterprise before conclusions are drawn.