The changes roll out over the next three years with significant milestones along the way. The first key milestone is sooner than you might think and preparation is key. The timeline below are the key milestones that must be integrated into your plan.
Implementation is far more than data collection and reporting
The rule involves far more than data collection. It will be critical to analyze the rule and understand it’s impact on your business model across product lines. There will be impacts across business process, technology, data and organization. A complete plan will consider all.
Newbold recently presented a webinar for clients which provides a summary of the rule and our thoughts on implementation considerations. We welcome you to listen to it.