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FS welcomes publication of the 2009-10 annual report of the Process Review Panel for the SFC
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     The Financial Secretary, Mr John C Tsang, today (September 17) welcomed the publication of the annual report of the Process Review Panel (PRP) for the Securities and Futures Commission, which covers the work of the PRP in 2009-10.

     "The annual report of the PRP contains a comprehensive review of internal processes and procedures of the Securities and Futures Commission (SFC) in selected areas.  The PRP has made a number of constructive observations and recommendations to ensure that the SFC exercises its regulatory powers in a fair and consistent manner.  The PRP, with the full co-operation of the SFC, has contributed to enhancing the transparency and accountability of the SFC," Mr Tsang said.

     "I thank the Chairman, Mr Anthony Chow Wing-kin, and members of the PRP for their dedication in the past year.  I look forward to their on-going contribution in the coming year," Mr Tsang added.

     The PRP is an independent panel established by the Chief Executive to review the internal operational procedures of the SFC and to determine whether the SFC has followed its internal procedures, including procedures for ensuring consistency and fairness.  It is chaired by Mr Anthony Chow.  Members include Professor Chan Yuk-shee, Mr Clifton Chiu Chi-cheong, Mr Andrew Fung Hau-chung, Mr Dannis Lee Jor-hung, Dr Priscilla Leung Mei-fun, Mr Liu Che-ning, Mr David Sun Tak-kei, Dr Eddy Fong Ching (Chairman of the SFC) and Mr Benedict Lai Ying-sie (representative of the Secretary for Justice).

Ends/Friday, September 17, 2010
Issued at HKT 17:15

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