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Government welcomes re-appointment to Board of Financial Dispute Resolution Centre
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     The Government today (March 30) welcomed the Financial Dispute Resolution Centre (FDRC)'s re-appointment of Mr Philip Leung Kwong-hon as non-official Director to the Board of the FDRC. His term will be two years with effect from March 31, 2016, to March 30, 2018.

     A government spokesman said, "We welcome Mr Leung to continue serving on the Board of the FDRC and look forward to his contributions to the Board over the next two years."

     The FDRC administers in an independent and impartial manner a financial dispute resolution scheme to provide individual customers with an alternative avenue which is independent and affordable for resolving monetary disputes with financial institutions by way of "Mediation First, Arbitration Next". It is governed by a Board of Directors, comprising the non-official Chairman, four non-official members, three representatives, one each from the Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority and the Securities and Futures Commission, and the Chief Executive Officer of the FDRC.

Ends/Wednesday, March 30, 2016
Issued at HKT 11:30

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