Written reply to Parliamentary Question on fit and proper assessments in financial institutions’ hiring practices

Why this matters

This is a written parliamentary reply from MAS clarifying how financial institutions should conduct fit and proper assessments for hiring, particularly regarding background checks and past convictions. The response reiterates existing regulatory expectations (consideration of seriousness, circumstances, time elapsed) without introducing new rules or obligations. It defers hiring communication decisions to individual firms and employment law, and directs aggrieved candidates to TAFEP. As an informational parliamentary response with no new substantive requirements, it carries limited practical impact beyond confirming current regulatory stance.

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