Which aspect is part of a firm's obligations under fitness and propriety requirements?

A firm's obligations under fitness and propriety requirements emphasize the need to ensure that individuals in key roles possess the necessary qualifications, competence, and integrity. This involves evaluating their criminal history and employment track record, as these factors are crucial indicators of an individual's suitability for their position. The assessment of criminal history helps assess potential risks associated with the individual, ensuring they do not pose a threat to clients or the firm's reputation.

Evaluating the employment track record adds another layer, as it provides insight into the individual's professional behavior, stability, and adherence to regulatory standards in previous roles. Together, these factors help ensure that those who are entrusted with significant responsibilities within the firm are both capable and trustworthy, aligning with regulatory expectations for maintaining high standards of conduct in the industry.

Other options may not directly relate to the core aspects of fitness and propriety requirements. For instance, market share is more of a business performance metric than a measure of individual competence. Personal recommendations could be subjective and vary greatly without ensuring a comprehensive view of a candidate's fitness. Training received may indicate skill development, but it does not address the integrity or historical conduct of an individual, which are essential components of assessing fitness and propriety.