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The Process Review Panel (PRP) for the Securities and Futures Commission (SFC) today (March 27) published its annual report covering the work of the PRP in 2013-14.
The PRP Chairman, Dr Moses Cheng Mo-chi, said, "In 2013-14, the PRP reviewed 59 completed or discontinued cases of the SFC covering various areas of its work, including licensing of intermediaries, inspection of intermediaries, handling of complaints, corporate finance (including processing of listing applications), investigation and disciplinary action, and authorisation of investment products. The PRP also made a number of observations and recommendations to the SFC, which would be conducive to the SFC's enhancement of procedures or guidelines in these areas."
He added, "We were thankful to the SFC for their co-operation and support in facilitating the work of the PRP and their positive response to our recommendations."
The PRP welcomes views from market participants and the public on the work of the PRP. They are encouraged to send their views to the PRP by email at prp@fstb.gov.hk.¡@
The annual report has been uploaded to the website of the Financial Services and the Treasury Bureau (www.fstb.gov.hk/fsb/topical/afsreport.htm).
Ends/Friday, March 27, 2015
Issued at HKT 16:45
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