ISO 19600, ''Compliance management systems - Guidelines'', is a compliance standard introduced by the

International Organization for Standardization The International Organization for Standardization (ISO ; ; ) is an independent, non-governmental, international standard development organization composed of representatives from the national standards organizations of member countries. M ...

(ISO) in April 2014. As its title suggests, it operates as an advisory standard and is not used for accreditation or certification. This standard was developed by ISO Project Committee ISO/PC 271, which was chaired by Martin Tolar. In recent times technical committee ISO/TC 309 has been created and the maintenance and future development of ISO 19600 will be undertaken by members of this committee. Currently, ISO/TC 309 is in the process of developing ISO/DIS 3730

which is expected to replace ISO 19600. The main difference between these two standards is that, when published, ISO 37301 will establish requirements for the implementation of a compliance management system, as opposed to USO 19600 which only provides recommendations. This means that in the future, organizations can have their compliance management system (CMS) verified through an independent third part

Origins

Standards Australia proposed a new ISO standard, based on the existing Australian standard "'' AS 3806 - Compliance Programs''", which was issued in 1998 and updated in 2006. The handbook to accompany AS 3806 was developed by a working group of the Australasian Compliance Institute members. This standard is more widely used in the financial industry, being endorsed by

Australian Prudential Regulation Authority The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recom ...

and the

Australian Securities & Investments Commission The Australian Securities and Investments Commission (ASIC) is an independent commission of the Australian Government tasked as the national corporate regulator. ASIC's role is to regulate company and financial services and enforce laws to pro ...

. The published version of ISO 19600:2014 is similar to AS 3806:2006 standard, and will replace it. The draft stage of ISO 19600 was completed in April 2014; the final version was published on 5 December 2014.

Main requirements of the standard

The ISO 19600:2014 adopts the "ISO High Level Structure (HSL)" in 10 main clauses in the following breakdow

* 1 Scope * 2 Normative references * 3 Terms and definitions * 4 Context of the organization * 5 Leadership * 6 Planning * 7 Support * 8 Operation * 9 Performance Evaluation * 10 Improvement

Structure of the standard

ISO 19600 helps organizations establish, develop, evaluate, and maintain a compliance management system. It brings together separate standards of compliance management and

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

, and its processes align very closely with ISO 31000, another risk management standard. Many existing compliance standards focus on one specific regulatory requirement or topic area; ISO 19600 aims to unify these, so organizations can work within a single framework rather than several different ones focussing on different standards. Unlike PS 980, ISO does not mandate any specific auditing requirements. ISO 19600 is "based on the principles of good governance, proportionality, transparency and sustainability". Like other related ISO standards, it emphasises the use of a Plan, Do, Check, Act (PDCA) cycle.

History

References

External links