Requirement
"Legal, statutory, regulatory and contractual requirements relevant to information security and the organization’s approach to meet these requirements shall be identified, documented and kept up to date."[1]
Explanation
Organizations often have regulatory cybersecurity obligations. For example health care providers have HIPAA payment processors have PCI-DSS and suppliers to the U.S. department of defense have NIST SP 800-171 requirements. The organization needs to identify and document it's compliance requirements.
