Fit and proper definition
WebFit and proper means that the individual (or in the case of a private hire operator ’s licence, the limited company together with its directors and secretary, or all members of a … Webproper: [adjective] referring to one individual only. belonging to one : own. appointed for the liturgy of a particular day. represented heraldically in natural color.
Fit and proper definition
Did you know?
WebPrudential Standard (Fit and Proper Policy). 13. The Fit and Proper Policy must be approved by the Board.7 3 Refer to subsection 5(1) of the Banking Act in relation to ADIs and authorised banking NOHCs, subsection 3(1) of the Insurance Act in relation to general insurers and authorised insurance Web“Deem fit and proper” is closely related to “Deem fit”. However, the term means taking an action based on an individual jurisdiction, and such jurisdiction has to be a generally accepted or a standard way of doing …
WebThe fit-and-proper-person test or director's test is a test aiming to prevent corrupt or untrustworthy people from serving on the board of certain organizations. First introduced in 2004 for owners and directors of major British football clubs, since November 2014 it also applies to the National Health Service in England for board members of ... WebFitting definition, suitable or appropriate; proper or becoming. See more.
WebFit and Proper Criteria 4 of 11 Issued on: 14 June 2024 BNM/RH/PD 035_4 4 Effective date 4.1 This policy document comes into effect on 14 June 2024. 5 Interpretation 5.1 The termsand expressions used in this policy document shall have the same meanings assigned to them in the DFIA, as the case may be, unless otherwise Webadj. 1 usually prenominal appropriate or suited for some purpose. in its proper place. 2 correct in behaviour or conduct. 3 excessively correct in conduct; vigorously moral. 4 up …
Webfit and proper person means a person who is suitable to hold the particular position which that person holds or is to hold with regard to -. Sample 1 Sample 2 Sample 3. Based on …
WebApr 26, 2024 · In many industries, it is a requirement that certain individuals performing regulated activities are, and remain, fit and proper. For example, these requirements will apply to certain individuals who are subject to the oversight of financial services regulators such as the Hong Kong Monetary Authority, the Securities and Futures Commission … my silver wishWebEuroParl2024. - fit and proper requirements for shareholders or members having a qualifying holding in the special purpose vehicle; not-set. It would have to be … my silver sneakers accountWebAn ideal fit and proper person definition is not a ‘one size fits all’ concept. There may be some prima facie pre-qualification ‘cull out’ disqualifiers, … my silver watchWebWhile legislation does not describe or define what a fit and proper person is, there have been useful albeit limited discussions of the definition in case law. In General Council of the Bar of South Africa v Jiba and others 2024 , Judge Legodi described a fit and proper person as someone possessing integrity, objectivity, dignity, capacity for ... my silver shopWebproper. adj. 1 usually prenominal appropriate or suited for some purpose. in its proper place. 2 correct in behaviour or conduct. 3 excessively correct in conduct; vigorously … my silver sneakers.comWebNov 30, 2024 · The concept of a ‘fit and proper’ person is a fundamental one in many professions, jurisdictions and organisations as it is used to determine a person’s honesty, … my silver treasureWeb2.3.1 Fit and proper controls are a means of raising public confidence in the integrity of the insurance system and a key element of an effective insurance supervisory system. The "fit and proper" test is one which the applicant undertaking and the persons concerned shall satisfy on a continuing basis. 2.3.2 Sub-section 2.3 does not attempt to ... my silver ring turned black