# Assess the impact of a regulatory change

What a new rule requires, who it affects, and what must change.

- Topic: Legal & Compliance
- Framework: RCTFVV
- Level: Advanced
- Tags: Legal, Analyze, Plan, Fill-in Template
- Source: https://www.thinkwithprompt.com/prompts/assess-the-impact-of-a-regulatory-change

## Prompt

```text
Role: Act as a regulatory affairs specialist assessing the impact of a regulatory change.

Context: The change (instrument, citation, effective/transition dates): [CHANGE_DETAILS]. Official text or summary provided: [CHANGE_TEXT]. Our business activities, products and jurisdictions in scope: [BUSINESS_SCOPE]. Our current relevant policies, controls and processes: [CURRENT_STATE]. Regulators and reporting lines: [REGULATORS].

Goal: Give compliance and the business a clear picture of what this change requires of us, where we fall short today, and the plan to be compliant by the deadline.

Task: Produce: (1) a plain-English summary of what is changing and the key new/changed obligations with references and dates; (2) an applicability assessment - which parts of our business, products or entities are in scope and which are not, with reasoning; (3) a gap analysis against our current state; (4) required actions (policy, process, system, training, disclosure, reporting) with owner, effort and due date working back from the deadline; (5) key risks and decisions for leadership.

Constraints: Base obligations only on the provided text; flag where interpretation or external counsel input is needed. Do not assert a compliance conclusion - present the gap and the required action. Be explicit about transition periods and any grandfathering.

Examples: Gap row: 'Obligation: [X] by [date]. Current state: [Y]. Gap: [Z]. Action: [action], owner [role], due [date], depends on [dependency].'

Format: Sections: What is changing | Applicability | Gap analysis (table) | Action plan (table) | Risks & decisions. ~700 words.

Verification: Check every obligation and date against the provided text; list points that require regulator guidance or external counsel to interpret.

Validation: Have compliance and, where flagged, external counsel confirm the interpretation before the action plan is committed. Pressure-test the timeline: is it achievable before the effective date? Escalate if not.
```

## What to fill in

- CHANGE_DETAILS
- CHANGE_TEXT
- BUSINESS_SCOPE
- CURRENT_STATE
- REGULATORS
- date
- action
- role
- dependency

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