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IAC Ch 5, p.1 ? 189 5.10(533) Long-form disclosure.? The long-form disclosure must state: 5.10(1)? The product is optional.? Your purchase of product name is optional. Whether you purchase product
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The IAC Long Form refers to the International Air Carrier Survey Long Form, which is a form used to collect data on the financial and operational characteristics of international air carriers.
International air carriers that meet certain thresholds, as specified by the regulatory authorities, are required to file the IAC Long Form.
The IAC Long Form can typically be filled out electronically through the online portal provided by the regulatory authorities. Carriers are required to provide accurate and detailed information about their financials, operations, and other relevant data.
The purpose of the IAC Long Form is to collect data that helps regulatory authorities monitor and analyze the financial and operational performance of international air carriers. This data is used for regulatory and statistical purposes.
The IAC Long Form typically requires carriers to report information such as revenue, expenses, fleet size, passenger traffic, cargo traffic, and other relevant financial and operational data.
The deadline to file the IAC Long Form in 2023 varies based on the regulatory authorities and their specific reporting requirements. It is recommended to consult the regulatory authorities or the provided guidelines for the exact deadline.
The penalty for the late filing of the IAC Long Form can vary depending on the regulatory authorities and their enforcement policies. Typically, penalties can include fines, sanctions, or other forms of enforcement action. It is advisable to comply with the filing deadline to avoid penalties.
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