There are many reasons and endless debates on whether companies need to be regulated at all. Some of the reasons are:
- In the interest of the public so that the Government can step in to resolve or rectify failures in the system.
- To ensure that the public gets a fair share and no one company monopolizes the market and sends prices spiraling ever upwards.
- In the interest of external factors like environment, health, etc.
But the fact of the matter is that whatever the reason, there are laws and rules and regulations and compliance related thereto. Regulatory compliance simply means complying with the law and submitting such information or doing such actions as in accordance with the law.
Kinds of regulatory compliance training
Depending upon the industry or type of sector you are doing business in, there could be general or special regulatory compliances to be followed. For instance, a company or corporate has to comply with certain regulations under law relating to companies in a particular area or country. Though generally lawyers handle regulatory compliance, there are many instances where a lawyer trains in-house personnel of a company to handle all regulatory compliances. In other words, your lawyer can give you the requisite regulatory compliance training.
In specialized industries such as the medical and health sector, there could be specific regulatory compliances and there are courses such as pharmaceutical regulatory compliance training courses, medical device regulatory compliance training courses and GXP training courses - for good practice. The website cfpa.com provides more details on such courses.
In-house regulatory compliance training
If you are working in a company, you should be aware that your company would engage their own human resource department to train themselves and specialize in regulatory compliances. Many companies make it mandatory to train its employees to be trained in regulatory compliance. Alternatively, you could approach your company voluntarily for regulatory compliance training with your company's human resource department itself.
Do-it-yourself regulatory compliance training
Regulatory compliance training is not rocket science. If you know your company, its products or services, you simply need to know the laws related to your business. Legal texts provide the necessary regulatory compliance required for your business. Also find the local authority and they will help you quite willingly on the regulatory compliance required for your business. The easiest and most expensive for regulatory compliance training is to engage a lawyer to do your work. The advantage is that it leaves you time to focus on other things.
On-line regulatory compliance training
There are many on-line regulatory compliance training courses available. Following are some of the links:
Apart from the link mentioned above.
Regulatory compliance can also be conducted in a limited fashion using software, such as curasoftware.com which would require in regulatory compliance training in software.