Compliance

Compliance, in general, means conforming to a rule, such as a specification, policy, standard or law. Regulatory Compliance describes the goal that organisations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.

On an individual level, Compliance means that the performer of a task or an officeholder (such as the director of a company), or the supplier of a service, manufacturer or producer of a commodity, meets the approved practice methods, legislation, mandated regulations and rules, the terms of a contract or standards defined by the relevant governing body.

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