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FS welcomes publication of annual report of Process Review Panel for SFC
     The Financial Secretary, Mr Paul Chan, today (December 1) 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 2016-17.
     "The PRP has again conducted a comprehensive review of the internal processes and procedures of the SFC through selected cases in the past year. In its annual report, the PRP has made a number of 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 Chan said.
     "I would like to thank the Chairman, Dr Moses Cheng, 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 fairness and consistency. Chaired by Dr Cheng, its members include Mr Clement Chan, Ms Lena Chan, Ms Ding Chen, Dr Hu Zhanghong, Mr Chester Kwok, Ms Rosita Lee, Mr Robert Lee, Dr Billy Mak, Mr Frederick Tsang, Ms Nicole Yuen, Mr Carlson Tong (the Chairman of the SFC) and Ms Christina Cheung (the representative of the Secretary for Justice).
Ends/Friday, December 1, 2017
Issued at HKT 17:00
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