The Government today (December 19) 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 2022-23.
A spokesman for the Financial Services and the Treasury Bureau said, "The PRP has conducted a comprehensive review of the internal processes and operational procedures of the SFC. Through reviewing selected cases concerning enforcement, licensing and supervision of intermediaries, etc, the PRP has made a number of observations and recommendations that are conducive to the fair and consistent exercise of the regulatory powers by the SFC. We would like to express our gratitude to the PRP Chairman, Mr Lawrence Lee, and the PRP members for their diligent efforts in enhancing the transparency and accountability of the SFC."
The PRP is an independent panel established by the Chief Executive to review and advise the SFC on the adequacy of the SFC's internal procedures and operational guidelines, and to determine whether the SFC has followed its internal procedures for ensuring fairness and consistency.
Follow this news feed: East Asia