The local form of higher-spin equations found recently to the second order [1] is shown to properly reproduce the anticipated $AdS/CFT$ correlators for appropriate boundary conditions. It is argued that consistent $AdS/CFT$ holography for the parity-broken boundary models needs a nontrivial modification of the bosonic truncation of the original higher-spin theory with the doubled number of fields, as well as a nonlinear deformation of the boundary conditions in the higher orders.
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