(1) The Commission shall, as soon as practicable after the coming into force of this section, publish in such manner and in such detail as it thinks appropriate a statement of the principles in accordance with which it is acting or proposing to act -
(a) in exercising its powers of control; and
(b) in interpreting the criteria of prudent management.
(2) If in the course of a financial year the Commission makes a material change in the principles in accordance with which it is acting or proposing to act as mentioned in subsection (1) above, the Commission shall include in the report made by it for that year under section 4 a statement of the change in such detail as it thinks appropriate.
(3) The Commission may, at any time, publish in such manner and in such detail as it thinks appropriate, either or both of the following, namely -
(a) a statement of the principles in accordance with which it is acting or proposing to act as mentioned in subsection (1) above; and
(b) a statement c