(1) The FCA may issue statements of principle with respect to the conduct expected of persons in relation to whom either regulator has given its approval under section 59.
(1A) The PRA may issue statements of principle with respect to -
(a) the conduct expected of persons in relation to whom it has given its approval under section 59, and
(b) the conduct expected of persons in relation to whom the FCA has given its approval under section 59 in respect of the performance by them of significant-influence functions in relation to the carrying on by PRA-authorised persons of regulated activities.
(1B) A statement of principle issued by either regulator may relate to conduct expected of persons in relation to -
(a) the performance by them of controlled functions, or
(b) the performance by them of any other functions in relation to the carrying on by authorised persons of regulated activities.
(2) If a regulator issues a statement of principle under subsection (1) or (1A), it must als