Liability and sanctions

While each business must ensure that its registered information is kept as accurate as possible by submitting amendments in a timely fashion, the State should have the ability to enforce proper compliance with initial and ongoing registration requirements. Compliance with those requirements is usually encouraged through the availability of enforcement mechanisms such as the imposition of sanctions on businesses that fail to provide timely and accurate information to the registry (see paras. 155 and 156 and rec. 29 above).

Sustainable Development Goals:

Gender Equality

Peace, Justice and Strong Institutions