Change Management
CG-03Classify each change and approve it within the clock for its level
How Leela would run itEvent-driven · each change after compliance review; five business days for low and medium, ten for high
From the policy libraryThe requirement
Every change is classified low, medium, or high impact from the compliance review. Low and medium changes are approved by the Compliance Officer within five business days, with low changes summarized to the CEO monthly. High changes require joint approval by the Compliance Officer and the CEO within ten business days and board notification where applicable. Implementation does not begin until the approval is recorded and any notice owed to the sponsor bank has run.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Assign the classification, obtain the approval the level requires, record the approver and date in the log, and hold implementation until the approval and any bank notice period are complete.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Approval recordClassification, approvers, decision, conditions, date
- 02Monthly low-impact summary to the CEOList of low changes approved in the month
Evidence
Approval record
Change Management §4.4
2
of 2 records
The work and the records come from this obligation in the policy library.