The Chief Executive has appointed two new members and re-appointed 16 serving members to the panel of the Resolvability Review Tribunal (RRT); and appointed three new members and re-appointed 15 serving members to the panel of the Resolution Compensation Tribunal (RCT) for a new term from April 1, 2020, to March 31, 2022.
 
     The lists of members of the RRT and RCT panels for the new term are as follows:
 
RRT
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New appointees
 
Ms Sammy Koo Chi-sum
Mr Alexander Tang Hing-lam
 
Re-appointed members
 
Mr Vincent Chan Chun-hung
Mr Chan Kam-hon
Ms Florence Chan Yuen-shan
Ms Winnie Cheung Chi-woon
Mr Louis Chow Ka-leung
Ms Loretta Fong Wan-huen
Mr Eugène Kieren Thomas Goyne
Mr Edward Ho Man-tat
Dr Hu Zhanghong
Professor Angela Ng Lai-ping
Mr Jeremy Robert Porter
Ms Sabita Prakash
Ms Winnie Wong Chi-shun
Mr Patrick Wu Yung-wei
Dr Yuen Wai-kee
Dr Paul Yung Pui-yip
 
RCT
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New appointees
 
Mr Eric Hui Kam-kwai
Mr Garth Brian Jones
Ms Norris Lam Man-ngar
 
Re-appointed members
 
Ms Annie Chan Wai-hing
Mr Anthony Chiu Ling-cheong
Dr Abril Choy Fung-peng
Mr Michael Fung Lik-yeung
Ms Samantha Ho Shuk-yee
Mr Peter Kung
Ms Josephine Kwan Wai-tuen
Mr Henry Stephen Lai Hin-wing
Ms Angela Leung Wai-tuen
Dr Gladie Lui Man-ching
Mr John Martin Maguire
Dr Kelvin Mak Po-lung
Mr Timothy Keith Pogson
Mr Rupert James Purser
Mr Roy Tsang Chi-wai
 
     Welcoming the above appointments today (March 27), the Secretary for Financial Services and the Treasury, Mr James Lau, said, "The RRT and the RCT strengthen the appellate mechanism under the resolution regime and provide an effective safeguard to ensure that the relevant decisions made by the resolution authorities and the independent valuer are reasonable and fair."
 
     Mr Lau thanked the outgoing members for their support for the work of the RCT. They are Mr David John Kidd, Mr Costa Tzatzakis and Ms Maura Wong Hung-hung.

     The RRT and the RCT are statutory tribunals established under the Financial Institutions (Resolution) Ordinance (Cap. 628) to hear appeals from persons aggrieved by the specified decisions made by the resolution authorities and the independent valuer. The Monetary Authority, the Insurance Authority and the Securities and Futures Commission are the resolution authorities under the Ordinance and are vested with a range of powers to effect orderly resolution for maintaining the stability of the financial system of Hong Kong. An independent valuer decides whether any pre-resolution creditor or shareholder is eligible for a payment of compensation. The chairperson of the RRT and the RCT is Mr Anson Wong Man-kit, SC.

Ends/Friday, March 27, 2020
Issued at HKT 11:05

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