2A

If—

a

the application is for the approval of a person to perform a designated senior management function, and

b

the authorised person concerned is a relevant authorised person (see section 71A),

the appropriate regulator must require the application to contain, or be accompanied by, a statement setting out the aspects of the affairs of the authorised person concerned which it is intended that the person will be responsible for managing in performing the function.

2B

A statement provided under subsection (2A) is known as a “statement of responsibilities”.

2C

In subsection (2A) “designated senior management function” means a function designated as a senior management function under section 59(6A) or (6B).

6A

Subsection (6) applies to references to a relevant authorised person as it applies to references to the authorised person concerned.