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The Financial Services and the Treasury Bureau announced today (March 28) that under the authority delegated by the Chief Executive, the Financial Secretary has appointed four new members and re-appointed 21 serving members to the Securities and Futures Appeals Tribunal (SFAT). The appointments will take effect from April 1, 2013, for a term of two years.
The membership of the SFAT for the new term is as follows:
New appointees
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Ms Ivy Cheung Wing-han
Ms Ding Chen
Mr Dennis Ho Chiu-ping
Mr Terry Pan San-kong
Re-appointed members
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Mr Clement Chan Kam-wing
Miss Florence Chan Yuen-fan
Professor Eric Chang Chieh
Mr Henry Cheong Ying-chew
Mr Vincent Chin
Ms Chu Koh-ann
Mr Vincent Chui Yik-chiu
Dr Hu Zhanghong
Mr Edward Kwan Pak-chung
Ms Miranda Kwok Pui-fong
Dr Cynthia Lam Kit-lan
Mr Kevin Lam Sze-cay
Ms Cynthia Lim Wai-tin
Mr James C Lin
Mr Michael Liu Swee-long
Professor Low Chee-keong
Mr Alastair Murray
Ms Cynthia Tang Yuen-shun
Mr Frederick Tsang Sui-cheong
Ms Anna Wong Wai-kwan
Ms Wendy Yung Wen-yee
A Government spokesman said, "The SFAT provides an effective safeguard to ensure that the relevant regulatory decisions are reasonable and fair. It enhances the accountability of the relevant regulatory bodies."
The Government also paid tribute to outgoing members, Ms Susanna Chiu Lai-kuen, Mr Larry Kwok Lam-kwong, Mr Philip Tsai Wing-chung and Mr Stanley Wong Yuen-fai.
"Their service to the SFAT provides an effective safeguard for the proper regulation of the securities and futures industry in Hong Kong," the spokesman said.
The SFAT is a statutory tribunal established under the Securities and Futures Ordinance (SFO). Chaired by a judge, it hears appeals against specified decisions made under the SFO by the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority and the investor compensation company recognised by the SFC. There are currently four chairmen in the SFAT, namely non-permanent Hong Kong judge to the Court of Final Appeal Mr Justice Hartmann, Mr Alan Wright, Mr Michael Stuart-Moore, and Mr Ian Carlson.
Ends/Thursday, March 28, 2013
Issued at HKT 17:00
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