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The fit and proper test considers a person's suitability in a given role and therefore that of the business. An individual may need to undergo the fit and proper test if they move to a new role.

The fit and proper test considers a person's suitability in a given role and therefore that of the business. An individual may need to undergo the fit and proper test if they move to a new role.

Detailed explanation of the F&P requirements is contained in the Fit and Proper test for Employees and Senior Personnel (FIT) part of FCA Handbook. The main elements to be considered when assessing F&P are: Honesty, integrity, and reputation. Competence and capability. Financial soundness.

Issuing a certificate Under section 63F of the Financial Services and Markets Act 2000, a fit and proper certificate must: state that the firm is satisfied that the person is fit and proper to perform the function to which the certificate relates; and.

The fit and proper rules set out that firms have responsibility for ensuring that Senior Managers and Certified Staff (including non-approved Non-Executive Directors), and candidates for those roles, are fit and proper to do their jobs.

Fit and proper assessments look into whether members of the management body of a supervised credit institution (and key function holders where relevant under national law) are suitable for their roles.

Detailed explanation of the F&P requirements is contained in the Fit and Proper test for Employees and Senior Personnel (FIT) part of FCA Handbook. The main elements to be considered when assessing F&P are: Honesty, integrity, and reputation. Competence and capability.