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Acceptable Means of Compliance (AMC) AMCs are non-binding standards adopted by EASA to illustrate means to establish compliance with the Basic Regulation and its Implementing Rules. The AMCs issued by EASA are not of a legislative nature.
What is the purpose of a compliance function?
The compliance department ensures that a business adheres to external rules and internal controls. In the financial services sector, compliance departments work to meet key regulatory objectives to protect investors and ensure that markets are fair, efficient and transparent.
What is the purpose of the compliance assessment?
A consumer compliance risk assessment (risk assessment) is an excellent tool to help accomplish these tasks. It generally involves identifying the current and future risks for an institutions structure and business activities and then evaluating the institutions procedures to control and mitigate these risks.
What is the purpose of an acceptable means of compliance?
AMCs are non-binding standards adopted by EASA to illustrate means to establish compliance with the Basic Regulation and its Implementing Rules. The AMCs issued by EASA are not of a legislative nature.
What is the purpose of a compliance risk management plan?
It is intended to provide a comprehensive framework for creating a plan to manage compliance risks. The template helps to identify potential risks and develop strategies to mitigate those risks, as well as set measurable targets (KPIs) and implement related projects to achieve the KPIs.
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What is the purpose of an AMC acceptable means of compliance?
Acceptable Means of Compliance (AMC) documents describe how a person or organisation can meet the requirements for the issue of a certificate, licence, approval or other authorisation.
Related links
The U.S. Army Materiel Command (AMC) Equipment
Aug 18, 2006 Prior to DA authentication, manuals must be verified per AR 25-30. Verification will be performed with production configuration equipment. The
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