(1) A supervised entity shall provide the Authority with a written notice of a material change in the information required for registration.
(2) A written notice under subsection (1) must —
(a) specify the date of the change;
(b) set out the details of the change;
(c) be provided to the Authority within 14 days of the supervised entity becoming aware of the change.
(3) A supervised entity that fails to provide a written notice of a material change under this section commits an offence and is liable on summary conviction to a fine not exceeding $25,000 and an additional fine not exceeding $300 for each day the offence continues.