14AA. Criteria for determining if chief executive officer or director of licensed financial adviser has breached duties

For the purposes of section 64(2) of the Act and without prejudice to any other matter that the Authority may consider relevant, the Authority shall, in determining whether a chief executive officer or a director of a licensed financial adviser has failed to discharge the duties or functions of his office, have regard to whether the chief executive officer or director has ensured compliance by the financial adviser with each of the duties specified in regulation 14.