(1) In assessing whether an applicant is capable of being effectively supervised by the Regulator, the Regulator will consider:
(a) the nature, including the complexity, of the Regulated Activities that the applicant will carry on;
(b) the complexity of any products that the applicant will provide in carrying on those activities;
(c) the way in which the applicant's business is organised;
(d) if the applicant is a member of a Group, whether membership of the Group is likely to prevent the Regulator's effective supervision of the applicant; and
(e) whether the applicant is subject to consolidated supervision.