compliance

Definition

The state of being in accordance with the relevant Federal or regional authorities and their requirements. In the context of financial services, the most important compliance rules come from the Securities and Exchange Commission. Most large financial services companies have compliance teams whose role is to take an independent stance in making sure that the company is following all the necessary rules and regulations.

Use compliance in a sentence

You should always make sure that your business is in compliance with any and all laws that are in place.

​ Was this Helpful? YES  NO 8 people found this helpful.

In compliance with the terms of his employment, Ralph was not permitted to surf the internet while at work unless he was on lunch.

​ Was this Helpful? YES  NO 7 people found this helpful.

Our boss called us to a meeting earlier, he said if we weren't in complete compliance to the new rules and regulation we would be terminated immediately.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
registered principal books of account