If An Authorised Person becomes aware after it has received approval to use own-estimate haircuts that it no longer complies with any of the requirements in Rules A4.3.17 to A4.3.23 or any of the conditions or restrictions imposed by the Regulator pursuant to Rule A4.3.17 or no longer meets the Rules, it must
(a) inform the Regulator as soon as practicable;
(b) assess the effect of the situation in terms of the risk posed to the Authorised Person;
(c) prepare a plan to rectify the situation and inform the Regulator of its plan as soon as practicable; and
(d) undertake prompt corrective action within a reasonable time in accordance with the plan prepared pursuant to (c).