Regulatory Alerts2020-01-01
Fit & Proper Requirements for Licensed Intermediaries and Issuers
The Reserve Bank of Fiji issued Guideline No. 6 to mandate that key personnel at licensed intermediaries and issuers satisfy strict fit and proper standards under the Capital Markets Decree 2009. The policy establishes assessment criteria covering reputation, character, financial soundness, and competence, requiring firms to implement internal policies and conduct rigorous background checks. It further outlines the Board's oversight duties, whistleblower protections, and the Reserve Bank's authority to disqualify individuals or impose penalties for non-compliance.
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