Fit and Proper Test definition

Fit and Proper Test means, in respect of each person proposed to be a Director, that person:
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Fit and Proper Test means a test aiming to prevent corrupt or untrustworthy people from serving on the board of a licensee.
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Fit and Proper Test means a test administered to a person to ascertain that he meets the minimum qualifications set in the code of conduct and vetting criteria.
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Examples of Fit and Proper Test in a sentence

  • Due to Covid-19 crisis, the official from parent bank (SBI), identified for the post of Director Finance and IT could not reach Indonesia within the timeline of 6 months from the date of clearing the Fit and Proper Test of OJK.

  • The part of the Authority’s Handbook entitled “The Fit and Proper Test for Approved Persons” (“FIT”) sets out the criteria that the Authority will consider when assessing the fitness and propriety of a candidate for a controlled function.

  • Due to Covid- 19 crisis, the official from parent bank (SBI), identified for the post of Director Finance and IT could not reach Indonesia within the timeline of 6 months from the date of clearing the Fit and Proper Test of OJK.

  • The purpose of the part of the FSA Handbook entitled Fit and Proper Test for Approved Persons ("FIT") is to outline the main criteria for assessing the fitness and propriety of a candidate for a controlled function.

  • Fit and Proper Test – qualifying shareholders, board members, senior managers and other key functionaries are required to meet the fit and proper test.

  • Health and economic benefits of advanced pneumatic compression devices in patients with phlebolymphedema.

  • The Chief Executive Officer of the SACCO Society shall, within fourteen (14) days of the elections, submit to the Authority and the Commissioner the names and addresses of all persons elected to the Board of Directors and Supervisory Committee, including their respective Fit and Proper Test Forms in accordance with the Regulations, 2020.

  • Due to Covid-19 crisis, the official from parent bank (SBI), identified for the post of Director Finance and IT could not reach Indonesia within the stipulated timeline of 6 months from the date of clearing the Fit and Proper Test of OJK.

  • Fit and Proper Test for Approved Persons The part of the FSA Handbook entitled “FIT” sets out the Fit and Proper Test for Approved Persons.

  • The FSA has issued guidance on this issue in the Fit and Proper Test for Approved Persons (“FIT”).


More Definitions of Fit and Proper Test

Fit and Proper Test means a test administered on a person vying for office or appointment based on the minimum standards of the vetting criteria.
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Related to Fit and Proper Test

  • Fit 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 partnership) is “safe and suitable” to hold the licence.

  • Course Materials means lectures, exercises designed for online collaboration, multimedia developed for Web distribution, notes, outlines, syllabi, bibliographies, tests, instructional handouts, videotaped presentations and any like materials and documents (whether in electronic or other medium) that a member of the bargaining unit authors or creates in connection with the preparation or teaching of a course at a University.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, whether absolute, accrued, contingent, fixed or otherwise and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person, including without limitation cash, cash equivalents, Investment Assets, accounts and notes receivable, chattel paper, documents, instruments, general intangibles, real estate, equipment, inventory, goods and Intellectual Property.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • The Works/ Project means the works to be executed or done under this contract.

  • Project Operations Manual or “POM” means the Recipient’s manual referred to in Section I.D of Schedule 2 to this Agreement, as such manual may be amended from time to time with the agreement of the Association.

  • Plans and Specifications means the plans, drawings and specifications reasonably necessary to properly assess and review proposed Work prior to issuance of any approval that may be required under this Agreement;

  • Engineering Reports has the meaning assigned such term in Section 2.07(c)(i).

  • Standard Specifications means a compilation in book form of specifica- tions approved for general application and repetitive use;

  • The Works/Project means the works to be executed or done under this contract.

  • RFP Project Documents means the following documents to be entered into in respect of the Project, by the parties to the respective agreements:

  • Construction Plans means plans, drawings, specifications and related documents, and construction schedules for the construction of the Project, together with all supplements, amendments or corrections, submitted by the Developer and approved by the City in accordance with this Agreement.

  • Engineering Report means either an Independent Engineering Report or an Internal Engineering Report.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • essential requirements means all the conditions set out in Annex III which must be met by the rail system, the subsystems, and the interoperability constituents, including interfaces;

  • Demonstration project means one of the following projects:

  • Project Record means the separate set of Drawings and Specifications as further set forth in paragraph 4.02A.

  • Latest Projections means: (a) on the Closing Date and thereafter until the Agent receives new projections pursuant to Section 7.2(f), the projections of the Borrower’s financial condition, results of operations, and cash flows, for the period commencing on April 1, 2009 and ending on March 31, 2010 and delivered to the Agent prior to the Closing Date; and (b) thereafter, the projections most recently received by the Agent pursuant to Section 7.2(f).

  • Web Site Accessibility Standards/Specifications means standards contained in Title 1 Texas Administrative Code Chapter 206.

  • Inventory control system means a system described in Section 4-41a-103.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Environmental Conditions means the presence in the environment, including the soil, groundwater, surface water or ambient air, of any Hazardous Material at a level which exceeds any applicable standard or threshold under any Environmental Law or otherwise requires investigation or remediation (including, without limitation, investigation, study, health or risk assessment, monitoring, removal, treatment or transport) under any applicable Environmental Laws.

  • Functional Specifications means the descriptions of features and functions of the Application as expressly set forth in Quote.