Navigating the complex compliance landscape with an innovative regtech solution.
At a time of rapid regulatory change and increased scrutiny, organizations today are faced with the challenge of navigating a complex compliance landscape.
As regulatory demands continue to accelerate, staying ahead requires a proactive and tailored approach to risk and compliance management—that's where we can help.
Ashurst Perkins Coie’s Obligation Management Solution (OMS) is a comprehensive obligations register, tailored specifically to focus only on the regulatory compliance requirements relevant to your organization’s business activities. Using easy-to-understand language, our innovative OMS offering is designed to be used as the foundation for your organization’s compliance and risk management framework and can be seamlessly integrated with existing Governance, Risk, and Compliance (GRC) platforms.
With ongoing monthly maintenance, regular updates on regulatory reforms and access to our help desk, you can have peace of mind knowing that our OMS offering is backed by the experience of our legal, NewLaw, and risk and compliance professionals.
Tailored and relevant
OMS delivers a tailored obligations solution, designed by experienced lawyers, which outlines the specific obligations relevant to your business and offers a help desk for assistance. This gives you peace of mind that you have all the bases covered, without the distraction of irrelevant obligations.
Skilfully designed
Designed by our teams with deep operational experience, OMS brings a comprehensive solution to help manage regulatory compliance. The solution includes compliance guidance, materiality ratings, a business taxonomy, reportable situations overlay, and easy integration with your compliance management system, framework, and tools.
Forward looking
We proactively monitor both current and future compliance obligations, keeping you up to date with an eye on the horizon. This proactive approach delivered through a monthly update, together with our RegRadar publication, helps you prepare for upcoming regulatory changes.
Simple and easy to understand
Easy to use and understand, with plain English and specific, segmented, and detailed information, making compliance accessible.
Frequently Asked Questions (FAQs)
Our Obligation Management Solution (OMS) is a comprehensive obligations register, tailored specifically to focus only on the regulatory compliance requirements relevant to your organization’s business activities. Our OMS helps your people understand current and future regulatory compliance obligations by drawing on the combined knowledge of our legal and risk advisory teams and is supported by our NewLaw capability.
What is the scope of the regulatory obligations covered by the Obligation Management Solution (OMS)?
The Obligation Management Solution (OMS) is tailored specifically to an organization’s business activities providing end-to-end oversight over current and future compliance obligations. It is designed for clients in highly regulated industries, including banking, superannuation, wealth management, insurance and retail energy.
Our legal, risk and regulatory compliance teams work closely with you to identify the full scope of your obligations, ensuring that OMS is tailored to what’s relevant to your organization.
Our OMS offering is backed by the experience of our legal and risk advisory teams, supported by our NewLaw capability and regularly maintained on a monthly basis. All compliance obligations are settled by practising legal partners who are experienced in their respective areas and are reviewed by our regulatory risk and compliance team with a practical lens.
All updates to the register undergo robust quality assurance processes providing you and your Board with peace of mind and legal assurance that all compliance regulations are covered. OMS also features a detailed change register, which provides important information and tracked changes for new, removed or updated obligations. Other key features include segmented obligations to avoid duplication, subject matter categorization and compliance guidance. It is currently being used by organizations within highly regulated sectors, including banking, superannuation, wealth management, insurance and retail energy.
The Obligation Management Solution (OMS) is intended to supplement, rather than replace, existing Governance, Risk & Compliance (GRC) platforms to provide a more comprehensive approach to compliance management. Our OMS offering helps organizations understand which regulatory obligations are relevant to them based on their business activities, whilst GRC platforms are used to formally structure governance, risk management and regulatory compliance processes within an organization.
While our OMS offering can be seamlessly integrated with existing GRC platforms, you do not require one to be able to use OMS within your organization.
Clients of our Obligation Management Solution (OMS) are provided with an exclusive subscription to RegRadar, a monthly publication produced by our legal, risk and compliance teams. RegRadar provides detailed insights on recent regulatory activity, a forward-looking analysis and 12-month regulatory calendar – it's a one-stop shop for regulatory compliance intelligence!
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The Ashurst Perkins Coie Group comprises Ashurst Perkins Coie UK LLP, Ashurst Perkins Coie US LLP, Ashurst Perkins Coie Australia, any entity (including a trust, partnership, company or other entity) that is affiliated with, controlled by or under common control with any of them, any entity that is authorised to use any of the names "Ashurst Perkins Coie", "Ashurst", or "Perkins Coie"; and all their respective successors and assigns, howsoever structured. Some members of the Ashurst Group are limited liability entities.
Ashurst Perkins Coie Risk Advisory LLP is a limited liability partnership registered in England and Wales under number OC442883 and is part of the Ashurst Perkins Coie Group. Ashurst Perkins Coie Risk Advisory LLP is not regulated by the Solicitors Regulation Authority of England and Wales.
The laws and regulations which govern the provision of legal services in other jurisdictions do not apply to the provision of risk advisory services. For more information about the Ashurst Perkins Coie Group, which Ashurst Perkins Coie Group entity operates in a particular country and the services offered, please visit www.ashurstperkinscoie.com.
Ashurst Perkins Coie Risk Advisory Pty Ltd is a proprietary company registered in Australia and trading under ABN 74 996 309 133 and is part of the Ashurst Perkins Coie Group.
Ashurst Perkins Coie Risk Advisory LLP and Ashurst Perkins Coie Risk Advisory Pty Ltd services do not constitute legal services or legal advice, and are not provided by qualified legal practitioners acting in that capacity. The laws and regulations which govern the provision of legal services in other jurisdictions do not apply to the provision of risk advisory services. For more information about the Ashurst Perkins Coie Group, which Ashurst Perkins Coie Group entity operates in a particular country and the services offered, please visit www.ashurstperkinscoie.com