Which criteria must be considered when determining fitness and propriety in a regulatory context?

When evaluating fitness and propriety in a regulatory context, it is essential to consider factors that directly relate to an individual's character and ethical standing within their professional role. Honesty, integrity, and reputation are fundamental criteria that help assess whether an individual can be trusted to act in the best interests of clients and the financial market.

These attributes are critical because they ensure that the individual is likely to adhere to regulatory standards and make decisions that uphold the integrity of the financial system. A person who demonstrates honesty is less likely to engage in deceptive practices, while integrity reflects a commitment to ethical conduct. Reputation encompasses how an individual's past actions are perceived within the industry and among peers, which is crucial for maintaining confidence in financial markets.

Other options focus on criteria that are less reliable indicators of a person's ethical conduct or overall fitness for roles that require regulatory oversight. While aspects like educational background or company performance may provide insight into an individual’s qualifications or ability to perform in specific contexts, they do not directly correlate with the foundational ethical standards necessary for maintaining trust and accountability in regulated environments.