An enterprise has learned of a new regulation that may impact delivery of one of its core technology services. Which of the following should be done FIRST?

Requesting an action plan without first understanding the specific risks is premature, as the risk team needs an assessment to formulate an effective plan.

Determining compliance desires from the board should follow a preliminary assessment of the regulation's impact and risk, as the board needs information to make an informed decision.

Updating the risk management framework is a broader, systemic change that comes after understanding specific new risks and determining if existing frameworks are adequate or need modification.

Before any other action, it is crucial to assess the risk associated with the new regulation to understand its potential impact, likelihood, and severity on the core technology service, which informs subsequent decisions. This initial assessment provides the necessary data for effective governance and response.