(1) Every credit bureau shall furnish the Central Bank with periodic returns regarding its business operations, in such form and time as may be prescribed by regulation.
(2) A credit bureau commits an offence if the credit bureau wilfully —
(a) fails or refuses to comply with subsection (1); or
(b) furnishes the Central Bank with an incomplete, inadequate, inaccurate or late periodic return.
(3) Where a credit bureau commits an offence under subsection (2), the credit bureau —
(a) is liable, on summary conviction, to a fine not exceeding $10 000; and
(b) in the case of a continuing offence, is liable to an additional fine of $2 000 for each day that the failure to comply continues after conviction.