S.L. 546.2 · Business Register And Information (S.L. 546.2)
S.L. 546.2 Art. 7Responsibilities of undertakings.
(1) The undertakings have the responsibility to ensure that the information in the business profile shall be kept correct and updated.
(2) In the case where an undertaking has ceased operations, or is otherwise in breach of these regulations, the data manager or owner, as the case may be, of the undertaking shall be bound to update the status of the business profile accordingly, within one month of the date of such end of operations or the occurrence of such breach.
(3) Where a public sector body has reasonable cause to believe that the undertaking has actually ceased operations, or is otherwise in breach of these regulations, the public sector body shall inform the Regulator accordingly who shall have the right to update the business profile accordingly:
Provided that the data owner may contest the change by submitting proof to the contrary; the data owner shall have the right, once the change has been proved to be incorrect and the Regulator has authorised it, to change the incorrect entry himself and inform the public sector body accordingly.