(1) The regulator may, by notice in writing, require a consent holder to provide the regulator with a statutory declaration verifying—
(a) the extent to which the consent holder has complied with the conditions of the consent; and
(b) if the consent holder is in breach of a condition or conditions, the reasons for the breach and the steps that the consent holder intends to take to remedy the breach.
(2) The consent holder must provide the declaration—
(a) within the time specified by the notice; or
(b) if the notice specifies that the consent holder must provide the declaration at intervals, at those intervals.
(3) A declaration that is made under this section is not admissible in evidence in any proceedings under this Act except proceedings under section 46.