Process Review Panel for SFC publishes annual report
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The PRP Chairman, Dr Moses Cheng, said, "In 2015-16, the PRP reviewed 59 completed or discontinued cases of the SFC covering various areas of its work, including enforcement, inspection of intermediaries, licensing of intermediaries, authorisation of investment products, corporate finance, and handling of complaints. 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 are 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/Monday, October 31, 2016
Issued at HKT 16:45
Issued at HKT 16:45
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