(1) The relevant regulators must prepare and publish a statement of policy with respect to the exercise of powers under section 312Q and section 312R.
(2) The relevant regulators may alter or replace a statement published under this section.
(3) The relevant regulators must publish a statement as altered or replaced under subsection (2).
(4) Publication under this section is to be made in such manner as the relevant regulators consider best designed to bring the publication to the attention of the public.