1. Regulatory Compliance &
Challenges
Presenter
Faraz A. Khan

2. What is Regulatory Compliance?
Regulatory Compliance – Its Importance & Legal
Implications
Regulatory Framework
Investigative Approach towards Non-compliance
Exploring learning outcomes from recent events
Coping with new regulation
ISO and Regulatory Compliance
Assurance Tools for Regulatory Compliance
Ensuring Compliance to Environmental Laws in Oil &
Gas Sector
Main points to cover:
Presentation Layout

3. A mechanism to ensure the fulfilment of all
applicable requirements stipulated in laws
Internal requirements and
compliance standards that are set
forth by external entities
Adhering to the requirements of laws,
industry and organizational standards and
codes, principles of good governance and
accepted community and ethical standards

4. Can impact the financial spending of organisation
Employee motivation, organisation’s
production growth and its future
Reputation in the local and international
market
Enforcement / legal notices and penalties
Evaluation of the organisation & increase/decrease
in insurance premium
Aids in third party accreditations

5. Legal
Framework
Guidelines
Regulation
Act

7. Considerations in investigation
De

8. Considerations in investigation
Desired outcome of investigation

9. Section-11 of Pakistan Environmental
Protection Act
Case Study – A Local Cable Manufacturer

10. Case Study – A Local Cable Manufacturer
Wastewater quality did not meet NEQS
Case forwarded to Environmental Tribunal
Pollution charged levied upon the industry
Approx. Pak Rs. 200,000 charged to company
Media coverage

11. New
Regulation
“How to
Cope with”
Understanding to Regulatory
Frame
Well prepared ahead
Good understanding to legal
requirements
Designated legal advisor
and/or subject matter expert

12. New
Regulation
“How to
Cope with”
Knowledge of best practices
in similar industries
Good communication
mechanism with Regulator
Assistance provided by
Regulator
Budgetary constraints should
not be a main concern

14. Adopts PDCA cycle
Monitoring of compliance through web based
compliance management tools
Shows the trending of compliance
Means to intimate compliance actions
Sets the frequency of compliance actions
Auditable system to check the health of compliance