This policy condition validates multiple conditions when it runs.  Below are the 4 different conditions that this policy is checking and if any are not met will trigger an alert:

1) Is AWS config enabled in every region? (if the account is a Govcloud account, it will check Govcloud regions) 
2) Is the Configuration Recorder turned on in every region?  
3) Is there an S3 bucket defined for AWS Config in every region?
4) Is there an SNS topic defined for AWS Config in every region?