Corporate Compliance Alert: Is Your Business Prepared for New Regulations?

As of January 1st, 2023, new regulations have come into effect that impact registration organizations in the United States. These new rules aim to improve the accountability and transparency of registration organizations, which are responsible for the management and maintenance of public registers.

One of the key changes to the regulations is the requirement for registration organizations to provide access to their records and activities to the public. This means that any member of the public should be able to access information about the registration organization, including their registration policies, procedures, and standards. This level of transparency is intended to improve public trust in registration organizations and their operations.

In addition, the new regulations require registration organizations to have a code of conduct in place that outlines the ethical and professional standards expected of their staff and members. This code of conduct must be regularly reviewed and updated to ensure compliance with new regulations and changes in industry best practices.

Another significant change is the requirement for registration organizations to have a complaints and appeals process in place. This process must be clearly communicated to members of the public and should include a mechanism for addressing and resolving complaints and appeals in a timely and efficient manner.

Overall, these new regulations reflect a growing emphasis on transparency, accountability, and ethics within the registration industry. Registration organizations must take these changes seriously and ensure that they are in compliance with the new regulations to maintain public trust and confidence in their operations. If you have any questions or concerns about how these changes may affect your organization, it is important to seek advice from a qualified legal professional.