(1) The Authority may require a regulated entity to pay a late filing fee of a prescribed amount where that person fails to—
(a) file a return or other information required to be filed by that regulated entity under this Act or any enactment specified in Schedule 1 at the interval set out in, or within the time required by that enactment;
(b) provide complete and accurate information with respect to a return or other information required to be filed by that regulated entity under this Act or any enactment specified in Schedule 1; or
(c) pay the fee that is payable under section 39 at the prescribed time.
(2) A failure to file a return, provide information or pay the fee under subsection (1) is deemed to be a contravention for each day during which the failure continues.