BLACKMERE FINANCIAL OVERSIGHT ACT 2021

Section 42. Duty to report material discrepancies.

(1) A regulated person who identifies a material discrepancy in a financial
    return submitted to the Authority must report the discrepancy in writing.

(2) A report under subsection (1) relating to the current reporting year must
    be delivered to the Authority on or before @@disamb-beta@@.

(3) The report must specify the nature of the discrepancy, the return in which
    it appears, and the steps taken to rectify it.

(4) A regulated person who fails to comply with subsection (1) commits a
    regulatory offence.
