APY = (1 + r/n)n â 1 where r is the quoted annual interest rate and n is the number of times the interest is compounded per year. Of course, it will be much easier to skip the manual calculation and simply use the APY Calculator on this page.
Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment, including federal fines. Download this free guide.
There are institutions that advocate a much broader definition of compliance, such as the Australasian Compliance Institute, who defines compliance as âthe process by which organisations identify and meet their strategic obligations whether arising in law, standards, and codes or from stakeholder expectations.â.