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The Financial Secretary, Mr John C Tsang, today (October 30) 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 2014-15.
"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 fair and consistent exercise of regulatory powers by the SFC. The work of the PRP has contributed to enhancing the transparency and accountability of the SFC," Mr Tsang said.
"I would like to thank the Chairman, Dr Moses Cheng Mo-chi, and members of the PRP for their valuable contribution in the past year," he 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 for ensuring consistency and fairness. It is chaired by Dr Cheng and currently comprises Mr Clement Chan Kam-wing; Ms Chow Yuen-yee; Ms Ding Chen; Professor Richard Ho Yan-ki; Dr Hu Zhanghong; Dr Cynthia Lam Kit-lan; Ms Rosita Lee Pui-shan; Mr Robert Lee Wai-wang; Mr Alfred Mak Chi-ming; Ms Nicole Yuen Shuk-kam; the Chairman of the SFC, Mr Carlson Tong; and representative of the Secretary for Justice, Ms Christina Cheung Kam-wai.
Ends/Friday, October 30, 2015
Issued at HKT 17:00
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