Abstract
Ultraviolet (uv) divergences are canceled in the effective action of the D=3 Chern-Simons (CS) gauge theory but regularization is needed. It is impossible to introduce gauge invariant regularization and conserve the parity of the classical action. As a result, in the limit when regularization is removed the finite contribution to the effective action induced by parity-violating regulators remains which being added to the classical action leads to additive integer-valued renormalization of the coupling constant.

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