(1) For the purposes of action by the PRA under section 66, a person is guilty of misconduct if any of conditions A to C is met in relation to the person.
(2) Condition A is that -
(a) the person has at any time failed to comply with rules made by the PRA under section 64A, and
(b) at that time the person was -
(i) an approved person,
(ii) an employee of a PRA-authorised person, or
(iii) a director of a PRA-authorised person.
(3) Condition B is that -
(a) the person has at any time been knowingly concerned in a contravention of a relevant requirement by a PRA-authorised person, and
(b) at that time the person was -
(i) an approved person in respect of the performance of a relevant senior management function in relation to the carrying on by the PRA-authorised person of a regulated activity,
(ii) an employee of the PRA-authorised person, or
(iii) a director of the PRA-authorised person.
(4) In this section "relevant requirement" means a requirement -
(a) imposed by or under this Act,
…