The template can be used to document the Justification a compliance choice, e.g. either why a regulation is relevant or if it is not relevant for business.
In relation to work with a new regulation in an organization, you can start with making a justification, and document the intention of what needs to be done, and link to target complying objects.
You can also document the related plan for implementation, and link/create relevant initiatives/projects.
The justification are part of the standard spreadsheets related to the Analyzing and improving dashboard for regulation diagram.
