Setup checklist for Regulatory Change Management

Complete the tasks that are required to set up the Regulatory Change Management application. When you have completed these tasks, the base system is ready for operation. Optional setup procedures are also included to enhance Regulatory Change Management application functionality.

Before you begin

Role required: sn_grc_reg_change.admin

Ensure that the following applications are installed:

• ServiceNow® GRC: Policy and Compliance Management application
• ServiceNow® Advanced Risk application

Consider creating and printing a PDF of this checklist topic. You can then check off tasks as you complete them. To generate a PDF, click the Save As PDF icon (

Procedure

1. Install the Regulatory Change Management (RCM) application from the Store.

   For details, see Download and install GRC: Regulatory Change Management.

2. Assign RCM roles to the users.

   For details, see User roles in Regulatory Change Management.

3. To set up the feeds, choose one of the following options.

   Step	Description
   Set up the RSS feeds by using the RCM application.	For information on setting up the RSS feeds by using the RCM application, see Setting up the RSS feeds infrastructure .
   Set up the feeds by integrating with the GRC integration with Thomson Reuters Regulatory Intelligence application.	For more information on setting up third-party integration with the RCM application, see GRC integration with Thomson Reuters Regulatory Intelligence.

4. Create and validate the connections and credentials.

   For details, see Establish an SFTP or REST API connection.

5. Activate the integration flows.

   For details, see GRC integration with Thomson Reuters Regulatory Intelligence and Setting up the RSS feeds infrastructure.

6. Create an internal regulatory taxonomy and map the taxonomy.

   For details, see Map the taxonomy.

7. Assign regulatory feeds.

   For details, see Manage and assign regulatory event alerts.

8. Assess the impact and assign related regulatory tasks.

   For details, see Manage the regulatory change tasks.

9. Prepare an action plan to identify the changes that must be done.

   For details, see Action tasks in Regulatory Change Management.

10. Create action tasks to implement the identified changes, and complete them.

    For details, see Create an action task.

11. Provide an overview of the regulatory changes via dashboards and reports.

    For details, see Regulatory Change Management application in the Compliance Workspace.