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CBD/CP/RA/AHT EG/2024/1/2/Add.1Distr.: General 21 February 2024English only Hoc Technical Supergroup on Risk Assessment Second meeting Montreal, Canada, 27 February1 March 2024 Item 4 of the provisional
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Draft additional voluntary guidance refers to a set of recommendations or instructions provided by regulatory bodies that aim to assist entities in complying with specific requirements or standards beyond the mandatory regulations.
Entities that wish to clarify their compliance with regulations or seek to adopt best practices may be required to file draft additional voluntary guidance, as outlined by the relevant regulatory authority.
To fill out draft additional voluntary guidance, entities should carefully review the instructions provided, gather necessary information, complete the required sections accurately, and ensure that all relevant data is included before submission.
The purpose of draft additional voluntary guidance is to provide clarity, support compliance efforts, and enhance understanding of regulatory expectations, thereby promoting better governance and risk management.
Information that must be reported typically includes details about the entity's operations, compliance measures taken, areas of improvement, and any specific actions planned to meet or exceed the regulatory requirements.
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