What is regulatory compliance?

<p>Regulatory compliance is an organization’s adherence to laws, regulations, guidelines and specifications relevant to its business processes. Violations of regulatory <a href=”https://www.techtarget.com/searchdatamanagement/definition/compliance”>compliance</a> often result in legal punishment, including federal fines.</p>
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<p>Examples of regulatory compliance laws and regulations include the Payment Card Industry Data Security Standard, or <a href=”https://www.techtarget.com/searchsecurity/definition/PCI-DSS-Payment-Card-Industry-Data-Security-Standard”>PCI DSS</a>; Health Insurance Portability and Accountability Act (<a href=”https://www.techtarget.com/searchhealthit/definition/HIPAA”>HIPAA</a>); Federal Information Security Modernization Act, or <a href=”https://www.techtarget.com/searchsecurity/definition/Federal-Information-Security-Management-Act”>FISMA</a>; Sarbanes-Oxley Act (<a href=”https://www.techtarget.com/searchcio/definition/Sarbanes-Oxley-Act”>SOX</a>); the EU’s General Data Protection Regulation (<a href=”https://www.techtarget.com/whatis/definition/General-Data-Protection-Regulation-GDPR”>GDPR</a>); and the California Consumer Privacy Act (<a href=”https://www.techtarget.com/searchcio/definition/California-Consumer-Privacy-Act-CCPA”>CCPA</a>).</p>
<section class=”section main-article-chapter” data-menu-title=”Why is regulatory compliance important?”>
<h2 class=”section-title”><i class=”icon” data-icon=”1″></i>Why is regulatory compliance important?</h2>
<p>Since the turn of the century, the number of rules has increased, making regulatory compliance management more prominent in various organizations. This development has led to the creation of corporate, chief and regulatory <a href=”https://www.techtarget.com/whatis/video/The-importance-of-compliance-officers”>compliance officer</a> and compliance manager positions. A primary job function of these roles is to hire employees whose sole focus is to ensure the organization conforms to stringent, complex legal mandates and applicable laws.</p>
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