Final answer:
Failing to meet SIR obligations can lead to formal negative sanctions like fines, license suspension, and civil penalties. These sanctions are consequences of not fulfilling legal responsibilities and accepting the associated risks.
Step-by-step explanation:
The consequences of failure to meet Statutory Information Requirements (SIR) obligations typically involve formal negative sanctions. Such sanctions may include A) Fines, which are financial penalties imposed on individuals or organizations; B) License suspension, which involves the temporary revocation of a business or professional license; and C) Civil penalties, which can be in the form of fines or other legal punishments that do not include criminal charges. These repercussions are a result of the responsibility that comes with the liberty to make choices. When actions are made that do not abide by regulations, there is an expectation to accept the fallout of those choices.