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Moneyextra.com Dictionary

Fit and Proper

Fit and proper. To be able to work in the City buying and selling shares and bonds for a living - specifically selling them to rest of us. City regulators require people to be fit and proper persons.

Fitness and probity are assessed on a mixture of financial integrity reputation and character the absence of convictions efficiency honesty and competence as evidenced by passing professional qualifications.

See Also Online share dealing service Stockmarket Centre

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2009-02-17 00:00:00 © Moneyextra.com