CAMS · Question #916
Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)
The correct answer is A. Subscribing lo a regulators' newsletter B. Using a specific provider for regulatory horizon scanning. This question tests practical knowledge of efficient regulatory horizon scanning methods. Efficient approaches leverage systematic, scalable sources rather than ad-hoc or reactive outreach.
Question
Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)
Options
- ASubscribing lo a regulators' newsletter
- BUsing a specific provider for regulatory horizon scanning
- CRegularly contacting the regulator to inquire about updates and future developments
- DRelying on information and insights from peers and working groups
How the community answered
(46 responses)- A76% (35)
- C15% (7)
- D9% (4)
Why each option
This question tests practical knowledge of efficient regulatory horizon scanning methods. Efficient approaches leverage systematic, scalable sources rather than ad-hoc or reactive outreach.
Subscribing to a regulator's official newsletter is a low-effort, high-reliability method that delivers timely updates directly from the source in a structured, repeatable format without requiring manual effort per update cycle.
Using a dedicated regulatory horizon scanning provider aggregates updates across multiple regulators and jurisdictions automatically, offering scale and comprehensiveness that a single organization could not match internally.
Regularly contacting a regulator directly to request updates is inefficient because it demands significant staff time, depends on regulator responsiveness, and does not scale across multiple regulatory bodies or jurisdictions.
Relying on peers and working groups for regulatory intelligence is a supplementary tactic that is informal, inconsistent, and not systematic enough to serve as a primary horizon scanning method.
Concept tested: Regulatory horizon scanning efficient methods compliance
Source: https://www.fca.org.uk/firms/regtech/regulatory-reporting
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