What does CFR stand for in regulatory terms?

CFR stands for Code of Federal Regulations. This collection serves as an official codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the U.S. federal government. It is crucial for understanding regulatory compliance and various administrative procedures across different sectors.

The Code of Federal Regulations is organized into 50 titles that represent broad areas subject to federal regulations, making it easier for professionals in various fields, including those in compensation and regulatory compliance, to find relevant regulations. Each title is further divided into chapters, parts, sections, and paragraphs, providing a systematic approach to the information.

Understanding the CFR is fundamental for anyone involved in compliance within their organization as it helps ensure adherence to federal laws and regulations, which is critical in the realm of electronic transactions and other regulated activities.