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The Financial Secretary, Mr John C Tsang, today (September 16) welcomed the publication of the annual report of the Process Review Panel (PRP) for the Securities and Futures Commission (SFC), which covers the work of the PRP in 2010-11.
"In the past year, the PRP has conducted a comprehensive review of the SFC's internal processes and procedures through selected cases. The observations and recommendations made by the PRP are conducive to the SFC's exercise of its regulatory powers in a fair and consistent manner. The work of the PRP has contributed to enhancing the transparency and accountability of the SFC," Mr Tsang said.
"I thank the Chairman, Mr Anthony Chow, and members of the PRP for their contribution in the past year. I look forward to their ongoing efforts 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 Chow. Members include Mr Clifton Chiu, Ms Chow Yuen-yee, Mr Andrew Fung, Professor Richard Ho, Dr Cynthia Lam, Mr Dannis Lee, Dr Priscilla Leung, Mr Liu Che-ning, Mr David Sun, Chairman of the SFC, Dr Eddy Fong, and representative of the Secretary for Justice, Mr Benedict Lai.
Ends/Friday, September 16, 2011
Issued at HKT 17:23
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