52. A registrant who fails to file a declaration for the purposes of section 45 or 46 is deemed to have met the annual updating obligation for the year concerned if, before the beginning of the period determined by regulation following the period concerned, the registrant files a declaration for the purposes of section 41 and pays the penalty prescribed in section 87 and, if applicable, the annual registration fee set out in this Act and the penalty prescribed in section 88 for the year.