[(1) This section applies where—
(a) an authorised person has made an application to the appropriate regulator for approval under section 59 for a person to perform a designated senior management function,
(b) the application contained, or was accompanied by, a statement of responsibilities under section 60(2A), and
(c) the application has been granted.
(2) If, since the granting of the application, there has been any significant change in the aspects of the authorised person's affairs which the person is responsible for managing in performing the function, the authorised person must provide the appropriate regulator with a revised statement of responsibilities.
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