Output-Based Pricing System Regulations

Marginal note:Corrected report

• 62 (1) If the notice indicated that the error or omission, or the aggregate of all errors and omissions, would have constituted a material discrepancy under subsection 49(2), a corrected report, along with a verification report prepared in accordance with section 52, must be submitted to the Minister by the person responsible within 120 days after the day on which the notice is submitted.

• Marginal note:Content

  (2) The corrected report must include the information referred to in sections 11 and 12 and, under a heading, the following information:

  • (a) the information provided in the annual report that required correction and a description of the corrections made;

  • (b) a description of the circumstances that led to the errors or omissions and an indication of the reasons why the error or omission was not previously detected; and

  • (c) a description of the measures that have been and will be implemented to avoid future errors or omissions of the same type.