How does the RMI assist with Regulatory compliance?
In general, compliance 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. Due to the increasing number of regulations and the need for operational transparency, organisations are increasingly adopting the use of consolidated and harmonised sets of compliance controls. This approach is used to ensure that all necessary governance requirements can be met without the unnecessary duplication of effort and activity from resources.
The RMI aims at educating its members in respect of the regulations required to do business in South Africa, managing the risks associated with non-compliance with these regulations and the challenges of meeting the regulatory requirements for its members.
Our Regulatory Compliance department avers to assist members to identify the laws, rules, codes and standards applicable to their operating environment in order to provide the necessary advice on all compliance issues.
To this end, it is with great pleasure that we introduce the RMI’s Regulatory Compliance Manual which is a comprehensive document that will allow members to ensure that they are fully compliant with the very basic requirements that are needed to do business in our country.
See the Regulatory compliance manual here: Regulatory compliance – Retail Motor Industry Organisation (rmi.org.za)