regulatory-requirements

Vocabulary Word

Definition

When we say 'regulatory requirements', we're talking about rules or regulations that must be followed. These are often set by a government or organization to ensure safety, quality, and fairness.

Examples in Different Contexts

Regulatory requirements for data protection involve safeguarding personal information against unauthorized access or breaches. A data protection officer might note, 'Compliance with data protection regulations like GDPR protects individuals' privacy and secures sensitive information.'

Practice Scenarios

Technology

Scenario:

As part of our software development, we have to ensure that our product meets the guidelines set by international data protection organizations.

Response:

We're going to need a team to continuously check that our software meets all regulatory requirements for data security.

Business

Scenario:

Our new product needs to be carefully reviewed to ensure we're following all company and legal guidelines.

Response:

We need to ensure that the product meets all regulatory requirements before we launch it in the market.