55.4. A monetary administrative penalty of $350 in the case of a natural person and $1,500 in any other case may be imposed on every person who fails(1) to update a register provided for in this Regulation, to enter a document or information in such a register or to sign or have signed an entry in the register;
(2) to send to the Minister the declaration provided for in section 54, 55 or 55.1 within the time and in the manner and form prescribed by that section.