When a business aligns itself to follow international and UK business laws, along with any relevant operations, we call this regulatory compliance.
An example of this is when the General Data Protection Regulation (GDPR) regulations were imposed in 2018. At this time many businesses purchased GDPR training to make sure they knew how to follow the guidelines and avoid a heavy fine.
To put it simply, regulatory compliance is adhering to governmental laws. When you follow the law, you protect your organisation’s integrity and ensure ethical behaviour in the workplace.