Managing Regulatory Areas

A regulatory area is a named set of regulators and obligations. A Knowledge Insights job that includes the Regulatory Compliance Check insight checks its articles against one regulatory area, and flags the obligations that each article does not address.

Each regulator, such as the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), or the Consumer Financial Protection Bureau (CFPB), is organized into parts and rules. Each rule contains one or more obligations. When you create a regulatory area, you select the regulators, parts, or individual rules to include.

Regulatory Areas List

The Regulatory Areas tab lists all regulatory areas in your partition. The table includes the following columns:

  • Regulatory Area: The area name. The default area displays the Default tag.

  • Description: An optional description of the area.

  • Regulators: The regulators included in the area, with the number of obligations included from each.

  • Obligations: The total number of obligations in the area.

Regulatory Area Actions

Select the Options (...) menu on an area to access the following actions:

  • Edit: Change the name, description, and the obligations that Knowledge Insights jobs check articles for.

  • Duplicate: Create a copy of the area.

  • Delete: Permanently remove the area.

The regulators and rules selected for a job are saved with that job when it is created. Later changes to a regulatory area do not change existing jobs.

Creating a Regulatory Area

You can create a regulatory area from the Regulatory Areas tab, from the Create menu, or from the Regulatory Area step of the job creation wizard.

To create a regulatory area:
  1. Do one of the following:
    • On the Regulatory Areas tab, select + Create Area.
    • Select + (Create) > Regulatory Area.
    • In the Regulatory Area step of the job creation wizard, select + New Area.
  2. In the Add Regulatory Area dialog, enter an Area Name.
  3. Optionally, enter a Description.
  4. Under Regulators and Rules, select the obligations to include:
    • Each regulator shows its country and region, the number of rules selected out of the total (for example, 0 of 1,318 rules), and the date the rules were last updated.
    • Select the check box next to a regulator to include all of its rules.
    • Select the arrow next to a regulator to expand it and select individual parts. Expand a part to select individual rules.
    • Use the search field to find regulators and rules.
    • The total number of selected rules appears above the list.
  5. Select Make this the default regulatory area if you want new jobs with the Regulatory Compliance Check insight to start on this area. Only one area can be the default at a time.
  6. Select Save. The Save button is available after you enter a name and select at least one rule.

Editing a Regulatory Area

To edit a regulatory area:
  1. On the Regulatory Areas tab, select the Options (...) menu on the area, and then select Edit.
  2. In the Edit Regulatory Area dialog, change the Area Name, Description, selected Regulators and Rules, or default setting as needed.
  3. Select Save.
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