[(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 relevant 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
(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) in the case of a relevant PRA-authorised person, an employee of the authorised person
[(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, or
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