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The Financial Secretary, Mr Henry Tang, today (July 27) welcomed the publication of the fifth annual report of the Process Review Panel for the Securities and Futures Commission (PRP), which covers the work of the PRP in 2005.
"The fifth annual report of the PRP contains a comprehensive review of the adequacy of selected internal procedures of the Securities and Futures Commission (SFC). The PRP has made a number of constructive recommendations to improve the transparency, efficiency and consistency of, and checks and balances on, the SFC's procedures. The PRP, with the full co-operation of the SFC, has made invaluable contributions to further enhancing the quality of the regulation of Hong Kong's securities and futures market," Mr Tang said.
"I am thankful to the chairman and members of the PRP for their dedication to enhancing the quality of market regulation in the past year," Mr Tang added.
Ends/Thursday, July 27, 2006
Issued at HKT 17:16
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