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The Financial Secretary, Mr John C Tsang, today (September 5) welcomed the publication of the seventh annual report of the Process Review Panel (PRP) for the Securities and Futures Commission, which covers the work of the PRP in 2007.
¡§The seventh annual report of the PRP contains a comprehensive review of the adequacy of selected internal procedures of the Securities and Futures Commission (SFC). The PRP has made a number of constructive recommendations to improve the transparency, efficiency and consistency of, and checks and balances on, the SFC¡¦s procedures. The PRP, with the full co-operation of the SFC, has made invaluable contributions to further enhancing the quality of the regulation of Hong Kong¡¦s securities and futures market,¡¨ Mr Tsang said.
¡§I am thankful to the Chairman, Mr Anthony Chow, and members of the panel for their dedication to enhancing the quality of market regulation in the past year,¡¨ Mr Tsang added.
Ends/Friday, September 5, 2008
Issued at HKT 17:20
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