Moneyextra.com Dictionary
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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
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- Fee Based Independent Financial Advisors IFAs
- Approved Pension Schemes
- Taxation of Dividend Income
- Non-Contributory Pension
- State Earning Related Pension Scheme SERPS
- Funded unapproved pension schemes FURBS
- Personal Allowance
- Pay-As-You-Earn PAYE
- Consumer Price Index CPI
- Market maker