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The Financial Secretary, Mr John C Tsang, today (September 28) 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 2011-12.
"The PRP has conducted a comprehensive review of the SFC's internal processes and procedures through selected cases in the past year. In its annual report, the PRP has made observations and recommendations which are conducive to the SFC¡¦s exercise of its regulatory powers in a fair and consistent manner. The work of the PRP has also 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," 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 and currently comprises 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, Chairman of the SFC, Dr Eddy Fong, and representative of the Secretary for Justice, Mr Benedict Lai.
Ends/Friday, September 28, 2012
Issued at HKT 16:40
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