---
title: Assess the impact of a regulatory event alert
description: Assess the impact of a regulatory event alert by creating an assessment on the regulatory event alert. Assign the impact assessment to the owner of the business entity that is affected by the alert.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/regulatory-change-management-service-portal/assess-impact-of-reg-change-using-ws.html
release: australia
product: Regulatory Change Management Service Portal
classification: regulatory-change-management-service-portal
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Manage regulatory tasks, Regulatory Change Management, Governance, Risk, and Compliance]
---

# Assess the impact of a regulatory event alert

Assess the impact of a regulatory event alert by creating an assessment on the regulatory event alert. Assign the impact assessment to the owner of the business entity that is affected by the alert.

## Before you begin

Role required: sn\_grc\_reg\_change.user

## About this task

As a user with the sn\_grc\_reg\_change.user role, you can review the regulatory event alert and initiate an impact assessment on the alert.

## Procedure

1.  Log in with the sn\_grc\_reg\_change.user role.

2.  Navigate to **All** > **Regulatory Change Management** > **Compliance Workspace**.

    The Regulatory Change Management application in the Compliance Workspace is displayed.

3.  Navigate to **Lists** > **Assigned Regulatory Alerts** view.

4.  Select the regulatory event type alert that is assigned to you as the coordinator of the alert.

5.  Select **Initiate Impact Assessment**.

6.  Select any entity from the Entities list for the impact assessment and select **Create Assessments**.

    **Note:** Perform an impact assessment on the regulatory event alert in the classic user interface as the form is not yet migrated to the Workspace. For more information, see [Assess the impact of a regulatory alert](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/regulatory-change-management-service-portal/impact-assessment-tasks.md).

    If no entities are configured, you can configure new entities.


## Result

In the Impact assessments related list, the new impact assessment is listed and it is automatically assigned to the entity owner. The entity owner reviews it and sends feedback on the assessment. After completing the assessment, the calculated inherent risk is displayed under the **Assessment Summary** tab. When the entity owner selects **Mark as complete** on the impact assessment, it saves the assessment details and marks it as Complete.

## What to do next

See [Manage regulatory change tasks](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/regulatory-change-management-service-portal/manage-reg-change-tasks-using-ws.md) for information on marking the alert as applicable and managing the regulatory change tasks.

**Related topics**  


[Update a regulatory assessment template](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/regulatory-change-management-service-portal/update-reg-assessment-template.md)