I guess the question is how will it be enforced and what would the penalties be for reporting inaccurate or outdated data?
Companies do not understand "must" unless it's accompanied by a proven threat of sanctions that outweighs the profits made by breaching the regulation. The GDPR is a good example of plenty of "musts" and theoretical fines but lax enforcement means it's always more profitable to breach it than comply.
Companies do not understand "must" unless it's accompanied by a proven threat of sanctions that outweighs the profits made by breaching the regulation. The GDPR is a good example of plenty of "musts" and theoretical fines but lax enforcement means it's always more profitable to breach it than comply.