Regulatory Committees

Takeovers and Mergers Panel
Hears disciplinary matters in the first instance and reviews rulings by the Executive at the request of any party dissatisfied with such a ruling. Considers novel, important or difficult cases referred to it by the Executive. Reviews, upon request by the SFC, the provisions of the Codes on Takeovers and Mergers and Share Repurchases and the Rules of Procedure for hearings under the Codes and recommends appropriate amendments to the Codes and Rules to the SFC. Members' term of appointment is from 1 April 2008 to 31 March 2010 unless otherwise stated.

Chairman

  • CLARK Stephen Edward (1 April 2009 to 31 March 2011)

Deputy Chairmen

  • GRAHAM David
  • KO, Teresa Yuk Yin, JP
  • LIU Chee Ming
  • MAGUIRE John Martin

Members

  • CHAN Yuk Sing, Freeman
  • CHARLTON Julia Frances
  • DENNY Roger Michael (1 April 2009 to 31 March 2011)
  • DESAI Kalpana
  • IP Koon Wing, Ernest (1 April 2009 to 31 March 2011)
  • Dr KWOK Chi Piu, Bill
  • KWOK Tun Ho, Chester
  • LEE Pui Ling, Angelina, JP
  • LIU Che Ning
  • LIU Swee Long, Michael
  • LIU Yun Bonn (1 April 2009 to 31 March 2011)
  • LUNG Hak Kau
  • NESBITT Gavin Paul
  • NORRIS Nicholas Andrew
  • RODGERS Daniel James (1 April 2009 to 31 March 2011)
  • SABINE Martin Neville
  • SLEVIN Francis Joseph
  • TAN Siew Boi, May
  • TORTOISHELL Andrew (1 April 2009 to 31 March 2011)
  • WEBB David Michael
  • WINTER Richard David
  • WONG Oi Ming, Christine
  • YEH V-Nee
  • YU Ka Po, Benita

Takeovers Appeal Committee
Reviews disciplinary rulings of the Takeovers and Mergers Panel at the request of an aggrieved party for the sole purpose of determining whether any sanction imposed by the Panel is unfair or excessive. The Chairman of the Takeovers Appeal Committee is selected from the Disciplinary Chair Committee on a case-by-case basis. Members' term of appointment is from 1 April 2008 to 31 March 2010 unless otherwise stated.

Members

  • CHAN Yuk Sing, Freeman
  • CHARLTON Julia Frances
  • CLARK Stephen Edward
  • DENNY Roger Michael (1 April 2009 to 31 March 2011)
  • DESAI Kalpana
  • GRAHAM David
  • IP Koon Wing, Ernest (1 April 2009 to 31 March 2011)
  • KO, Teresa Yuk Yin, JP
  • Dr KWOK Chi Piu, Bill
  • KWOK Tun Ho, Chester
  • LEE Pui Ling, Angelina, JP
  • LIU Che Ning
  • LIU Chee Ming
  • LIU Swee Long, Michael
  • LIU Yun Bonn (1 April 2009 to 31 March 2011)
  • LUNG Hak Kau
  • MAGUIRE John Martin
  • NESBITT Gavin Paul
  • NORRIS Nicholas Andrew
  • RODGERS Daniel James (1 April 2009 to 31 March 2011)
  • SABINE Martin Neville
  • SLEVIN Francis Joseph
  • TAN Siew Boi, May
  • TORTOISHELL Andrew (1 April 2009 to 31 March 2011)
  • WEBB David Michael
  • WINTER Richard David
  • WONG Oi Ming, Christine
  • YEH V-Nee
  • YU Ka Po, Benita

Nominations Committee
Nominates members of the Takeovers and Mergers Panel, the Takeovers Appeal Committee and the Disciplinary Chair Committee

Ex officio Members

  • WHEATLEY Martin, JP (Chairman)
  • CLARK Stephen Edward
  • HO Yin Tung, Brian

Members (until 31 March 2010)

  • FONG Ching, Eddy, GBS, JP
  • KWOK Hing Wai, Kenneth, BBS, SC

Alternate members to CLARK Stephen Edward

  • GRAHAM David
  • KO, Teresa Yuk Yin, JP
  • LIU Chee Ming
  • MAGUIRE John Martin

Disciplinary Chair Committee
Members are nominated by the Nominations Committee on the basis that they are duly experienced and legally qualified persons. Their role is to act as Chairman of the Panel in disciplinary proceedings under the Codes or of the Takeovers Appeal Committee on a case-by-case basis. Members' term of appointment is from 1 August 2008 to 31 March 2010.

Members

  • CHAN Kin Keung, Anthony, SC
  • CHAN King Sang, Edward, SC
  • CHOW Ka Ming, Anderson, SC
  • HO Ambrose, SC
  • LI Gladys Veronica, SC
  • NG Kar Fai, Peter, SC
  • WONG Yuk Lun, Horace, SC

Committee on Unit Trusts
Considers new policies for the regulation of collective investment schemes commonly regarded as mutual funds and unit trusts, considers the acceptability of new management groups, authorises schemes with novel product features, and imposes conditions and/or grants waivers on such schemes. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Chairman

  • LAM Cheung, Alexa

Full Members

  • Dr AU King Lun
  • Prof CHAN Ka Lok
  • CHOI Fung Yee, Christina
  • HEUNG Shu Fai
  • HSU Li Ching
  • LEE Kevin
  • Dr LIAO York, SBS, JP
  • Dr LIU Pak-wai, SBS, JP
  • McSHANE Darren Mark
  • MONDOVITS Andreas Georg
  • NG Ka Yiu, Desmond
  • NG To Han, Simon
  • PICKERELL Blair Chilton

Alternate Members

  • KWAN Sau Ha
  • MAK Tat Cheung
  • MASSEY LI Susan Hong

Secretary

  • AU Yuen Yee, Yvonne

Committee on Investment-Linked Assurance and Pooled Retirement Funds
Considers new policies for the regulation of collective investment schemes commonly regarded as investment-linked assurance schemes and pooled retirement funds, considers the acceptability of new management groups, authorises schemes with novel product features, and imposes conditions and/or grants waivers on such schemes. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Chairman

  • LAM Cheung, Alexa

Full Members

  • Prof CHAN Ka Lok
  • CHOI Fung Yee, Christina
  • CHU Wing Yiu
  • HON Wai Ming, Angel
  • LAU Ka Shi
  • Dr LIAO York, SBS, JP
  • Prof LIU Pak-wai, SBS, JP
  • LUK Kin Yu, Peter
  • MAK Tat Cheung
  • McSHANE Darren Mark
  • YIP Chi Leung

Secretary

  • LEE Chi Kee, Trevor

Securities Compensation Fund Committee
 Administers the Unified Exchange Compensation Fund and regulates its procedures in accordance with Part X of the repealed Securities Ordinance which, under section 74 of Schedule 10 to the Securities and Futures Ordinance, continues to apply to and in relation to any claim for compensation from the Fund made before 1 April 2003. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Chairman

  • LUI Kei Kwong, Keith

Members

  • GREINER Gerald Dale
  • KWOK Hing Wai, Kenneth, BBS, SC
  • LAM Cheung, Alexa
  • YIP Chee Hang, Eric

Investor Compensation Fund Committee
 Administers the Investor Compensation Fund and regulates its procedures in accordance with Part XII of the Securities and Futures Ordinance. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Chairman

  • LUI Kei Kwong, Keith

Members

  • GREINER Gerald Dale
  • KWOK Hing Wai, Kenneth, BBS, SC
  • LAM Cheung, Alexa

 

Investor Education Advisory Committee
Provides ideas and support to the Commission in setting its investor education targets. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Chairman

  • KENNEDY Paul Michael

Members

  • CHIU Ying Chun, Ronald
  • Prof HO Shun Man, Simon
  • LAM Po Yee, Bonnie
  • LEE Yiu Sun
  • LEUNG Wing Cheung, William, JP
  • LIU Tat Yin, Kennedy
  • SIN Tak Wah
  • SO Wai Sang, Kenneth
  • SHIU Barbara
  • TAI Chi Kin

Alternate Members

  • CHEUNG Marn-kay
  • TAM Sau Ngor, Vera
  • YIP Chee Hang, Eric

Secretary and Ex officio

  • LAI Ho Wan Ying, Ivy

Academic and Accreditation Advisory Committee
 Approves industry-based courses and examinations for the purpose of meeting the licensing competence requirements, endorses applications from professional bodies and tertiary institutions as recognised institutions for providing continuous professional training, advises the Commission on areas to study in the context of enhancing Hong Kong's position as an international financial centre and provides input for the development of industry-related courses and training programmes.

Chairman

  • LAM Cheung, Alexa

SFC Representative

  • SHEK Chi Fai, Derek (until 31 March 2011)

Industry Representatives

  • ESPINA Anthony (until 31 March 2010)
  • MONDOVITS Andreas Georg (until 31 March 2010)
  • SO Yuk Sing, Christine (until 31 March 2011)
  • VAS Judy (until 31 March 2010)

Academic Representatives

  • Prof CHAN Man Man, Johannes, SC (until 31 March 2011)
  • Prof CHAN Ka Lok (until 31 March 2011)
  • Prof CHENG Yu Shek, Joseph (until 31 March 2011)
  • Prof SO Wai Man, Raymond (until 31 March 2010)

Secretary

  • YUEN Ho Duen, Judith

Share Registrars' Disciplinary Committee
Hears and determines disciplinary matters relating to share registrars in the first instance. Members' term of appointment is from 1 April 2009 to 31 March 2011.

Chairman

  • LIU Swee Long, Michael

Deputy Chairman

  • CHARLTON Julia Frances

Members

  • CHIONG Chung Seng, Desmond
  • FONG Loong Choon, Julian
  • NESBITT Gavin Paul
  • NG Chi Keung, Victor
  • NG Wai Sum, Sam
  • NORRIS Nicholas Andrew
  • RICHARDSON David Alexander
  • SHAFTESLEY Colin
  • TANG Yuen Shun, Cynthia
  • WONG Shiu Hoi, Peter

Share Registrars' Disciplinary Appeals Committee
Hears and determines appeals from the Share Registrars' Disciplinary Committee. Members of the Share Registrars' Disciplinary Appeals Committee for the hearing of each appeal case brought before it consists of members of the Share Registrars' Disciplinary Committee who did not preside or participate in the disciplinary hearing of that case.

Public Shareholders Group
Advises on issues relating to shareholders' rights and interests. Members' term of appointment is from 1 April 2009 to 31 March 2011.

Chairman

  • HO Yin Tung, Brian

Members

  • BROWN Melissa
  • CHAN Chun Hung, Vincent
  • CHAN Chi Keung, Raymond
  • KERR William Walter Raleigh
  • KWOK Lam Kwong, Larry, BBS, JP
  • LECKIE Stuart Hamilton, OBE, JP
  • LUNG Hak Kau
  • MUH Anthony Yi Tong
  • NGAN Wai Wah
  • PULLING Edward

SFC (HKEC Listing) Committee
Exercises powers and functions equivalent to those of the Main Board and GEM Listing Committees of the Stock Exchange when actual or potential conflicts arise between the interests of HKEx and those of the proper performance of the Stock Exchange's listing functions. In such cases, the relevant Stock Exchange functions may be exercised by the SFC.

Members

  • KENNEDY Paul Michael
  • LAM Cheung, Alexa
  • LUI Kei Kwong, Keith
  • STEWARD Mark Robert
  • WHEATLEY Martin, JP
The following members' term of appointment is from 1 April 2009 to 31 March 2010, unless otherwise stated.
  • BEST Roger Thomas, JP
  • KEYES Terence Francois
  • KO, Teresa Yuk Yin, JP
  • TSOI Tong Hoo, Tony
  • WONG Tin Yau, Kelvin, DBA, FHKIoD (8 June 2009 to 31 March 2010)

SFC (HKEC Listing) Appeals Committee
Exercises powers and functions equivalent to those of the Stock Exchange's Listing Appeals Committee when actual or potential conflicts arise between the interests of HKEx and those of the proper performance of the Stock Exchange's listing functions. In such cases, the relevant powers and functions may be exercised by the SFC.

Members

  • The Hon CHAN Kam-lam, SBS, JP
  • CHENG Wai-chee, Christopher, GBS, OBE, JP
  • FONG Ching, Eddy, GBS, JP
  • KWOK Hing Wai, Kenneth, BBS, SC
  • LEE Pui Ling, Angelina, JP
  • Prof LIU Pak-wai, SBS, JP
  • WONG Kai-man, BBS, JP
  • ZHANG Shengman

SFC Dual Filing Advisory Group
Advises on treatment of cases and policy issues under the dual filing regime. Members' term of appointment is from 1 April 2008 to 31 March 2010.

Members

  • ALDER Ashley Ian
  • CHEUNG Ching Leung, David
  • CHOW Siu Lui
  • CLARK Stephen John
  • FONG Chi Wai, Alex
  • HOWE Christopher John
  • IP Koon Wing, Ernest
  • LEE Raymond
  • NESBITT Gavin Paul
  • NG Sze Yuen, Terry
  • SIU Kai Lau, James
  • YEUNG Eirene

Committee on Real Estate Investment Trusts
Advises the Commission on general policy matters or regulatory issues that are related to the Code on Real Estate Investment Trusts (REITs), the overall market development of REITs, the property or securities market or investment management in Hong Kong or elsewhere, professional practices or guidelines that are involved in the operation of REITs, and fund investment or management in general. Members' term of appointment is from 1 April 2009 to 31 March 2011.

Chairman

  • LAM Cheung, Alexa

Members

  • AU Fun Kuen
  • CHENG Wai Meng, Milton
  • Prof CHENG Yu Shek, Joseph, JP
  • CHOI Fung Yee, Christina
  • CHOW Susan Mo Fong
  • FOK Glenn
  • HUI Chiu Chung, JP
  • LAW Shing Mui, Alice
  • LEUNG Kar Cheung, Catherine
  • MURRAY Alastair Elliot
  • Prof PANG Tsan Wing, SBS
  • PO Wai Kwong
  • STEVENSON Thomas Brian, SBS
  • WESTLEY Kevin Anthony

Secretary

  • CHAN Duen, Grace