Regulatory compliance is a company’s adherence and activity of conforming to the rules and regulations, specifications and guidelines with respect to the nature of the business. Nowadays, the number of rules has increased than the past days and thus the regulatory compliance has become a vital thing for all the organizations. This compliance leads to the development of corporate, chief and various positions to hire employees to make the company confront with the stringent rules. To meet all the governance requirements without any fail of activity from resources, this approach is used. Compliance data is a kind of data included in the law which is used for implementing purpose and validating compliance. It is a collection of data that is relevant to the court of law for validating consistency and compliance. Compliance software is also developed which is implemented to handle the compliance data in an efficient way for all the companies. This regulatory compliance is not a standard one for all the countries; it differs by the nations such as Australia, Canada, India, United Kingdom, and the United States. Data retention is a challenging part of the regulatory compliance. Data retention laws insist the data owners and service providers maintain the records of activities of users beyond the necessary time.