Revised reports
 15. (1) If, within seven years after a report has been given to the Director under this Regulation, Ontario Regulation 143/16 or Ontario Regulation 452/09, a person described in subsection (2) becomes aware of an error, omission or misstatement in the report and makes one of the following determinations, the person shall revise the report in accordance with the requirements set out in this Regulation with respect to the initial report given to the Director: 1.  The per cent discrepancy in the verification amount, as determined in accordance with subsection (3) or (3.1), is, i.  8 per cent or more when emissions are less than 50,000 tonnes of CO2e, ii.  5 per cent or more, when emissions are greater than or equal to 50,000 but less than 500,000 tonnes of CO2e, or iii.  2 per cent when emissions are 500,000 tonnes of CO2e or greater. 2.  It is probable that the per cent discrepancy in the verification amount, based on the individual or aggregate effect of one or more errors, omissions or misstatements that have been identified, is, i.  8 per cent or more when emissions are less than 50,000 tonnes of CO2e, ii.  5 per cent or more, when emissions are greater than or equal to 50,000 but less than 500,000 tonnes of CO2e, or iii.  2 per cent when emissions are 500,000 tonnes of CO2e or greater. 3.  If the report is given to the Director with respect to emissions in a compliance period, i.  the per cent discrepancy in any production parameter reported in respect of an activity is 5 per cent or more, as determined in accordance with subsection (4), or ii.  the per cent discrepancy in the total annual emissions limit reported in respect of the covered facility is 5 per cent or more, as determined in accordance with subsection (4.1). O. Reg. 730/21, s. 6 (1); O. Reg. 563/22, s. 6 (1, 2). (2) The requirement to revise a report under subsection (1) applies to a person if, (a)  the person becomes aware of an error, omission or misstatement in the report after the first compliance period in the registration period that includes the year to which the report relates and Part III of the EPS Regulation applies to the person in respect of the covered facility for the compliance period that, as of the date the person becomes aware, is the most recent compliance period in that registration period; or (b)  the person becomes aware of an error, omission or misstatement in the report before or during the first compliance period in the registration period that includes the year to which the report relates and, as of the date the person becomes aware, the person is in receipt of the most recent confirmation of the covered facility’s registration or continuation of registration under the EPS Regulation in respect of that registration period. O. Reg. 563/22, s. 6 (3). (3) The per cent discrepancy in a verification amount based on the aggregate effect of all errors, omissions and misstatements in a report shall be determined by applying the following formula: PD = (SOU / VA × 100) where, PD =  per cent discrepancy, SOU = the net result of summing overstatements and understatements resulting from all errors, omissions and misstatements in the report, expressed in tonnes of CO2e, and VA =  the verification amount set out in the report. O. Reg. 563/22, s. 6 (4). (3.1) The per cent discrepancy in a verification amount based on the effect of all overstatements or all understatements, whichever is greater, resulting from all errors, omissions and misstatements in a report shall be determined by applying the following formula: PD = (GV/ VA × 100) where, PD =  per cent discrepancy, GV =  the greater of, (a)  the absolute value of the sum of overstatements resulting from all errors, omissions and misstatements in the report, expressed in tonnes of CO2e, and (b)  the absolute value of the sum of understatements resulting from all errors, omissions and misstatements in the report, expressed in tonnes of CO2e, and VA =  the verification amount set out in the report. O. Reg. 563/22, s. 6 (4). (4) The per cent discrepancy for each production parameter reported in respect of an activity shall be determined by applying the following formula: PD = (QPDv − QPDi) / QPDi × 100 where, PD =  per cent discrepancy for the production parameter, QPDv = actual quantity of the production parameter, and QPDi =  quantity of the production parameter as set out in the report. O. Reg. 390/18, s. 15 (4). (4.1) The per cent discrepancy in the total annual emissions limit reported in respect of the covered facility that is the subject of the report shall be determined by applying the following formula: PD = (QAELv − QAELi) / QAELi × 100 where, PD =  per cent discrepancy for the total annual emissions limit for the covered facility, QAELv = actual total annual emissions limit for the covered facility, and QAELi = total annual emissions limit for the covered facility as set out in the report. O. Reg. 730/21, s. 6 (4); O. Reg. 563/22, s. 6 (5). (5) Revoked: O. Reg. 13/20, s. 12 (5). (6) Subject to subsection (7), the revised report must be given to the Director as soon as possible. (7) If the revised report is required to be verified under subsection (8), the person shall give the revised report to the Director within 90 days after the day the person became aware of the error, omission or misstatement. (8) A person who gives the Director a revised report pursuant to subsection (1) shall have the revised report verified by an accredited verification body in accordance with this Regulation and submit to the Director a new verification statement prepared in accordance with section 18 and a new verification report prepared in accordance with section 21 if either of the following circumstances applies: 1.  The revised report would have been required to be verified if it had been the original report given to the Director. 2.  The revised report would not have been required to be verified if it had been the original report given to the Director, but the original report was required to be verified. O. Reg. 390/18, s. 15 (8); O. Reg. 730/21, s. 6 (5). (9) A verification statement and verification report required under subsection (8) shall be submitted to the Director within 120 days after the day the person became aware of the error, omission or misstatement that led the person to prepare the revised report. (10) Revoked: O. Reg. 77/19, s. 10 (2).