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Fit and Proper
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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
Last Updated: July 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.