Securities & Futures Commission of Hong Kong

Independent panels and tribunals

The Process Review Panel and the Securities and Futures Appeals Tribunal provide external checks and balances that aim to ensure fairness in our decision making, due process, and the proper use of regulatory powers. Additionally, the Leveraged Foreign Exchange Trading Arbitration Panel handles disputes related to leveraged foreign exchange trading.

 Process Review Panel 

Responsibilities:

The Process Review Panel advises the SFC on the adequacy of the internal procedures and operational guidelines governing the actions and decisions made in the performance of its regulatory functions. The scope of the panel's review includes licensing applications, intermediary inspections, product authorization, the receipt and handling of complaints, investigative, disciplinary and enforcement actions, and corporate finance transactions (including the administration of the Listing Rules).

Chairman

  • Dr CHENG Mo Chi, Moses, GBM, GBS, JP

Members

  • CHAN Kam Wing, Clement
  • CHAN Lena
  • DING Chen
  • Dr HU Zhanghong
  • KWOK Tun-ho, Chester
  • LEE Wai Wang, Robert
  • LEE Pui Shan, Rosita
  • Dr MAK Sui-choi, Billy
  • TSANG Sui-cheong, Frederick
  • YUEN Shuk-kam, Nicole

Ex-officio Members

  • CHEUNG Kam-Wai, Christina, JP
  • TONG, Carlson, SBS, JP

 Securities and Futures Appeals Tribunal  

Responsibilities:

The Securities and Futures Appeals Tribunal is chaired by a High Court judge and comprises current and former judges appointed by the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) as well as two other members drawn from a panel appointed by the Financial Secretary of the HKSAR under delegated authority. The tribunal reviews the SFC's regulatory decisions made under the Securities and Futures Ordinance and determines questions or issues arising out of or in connection with its reviews. It also reviews the Investor Compensation Company's determination in relation to investors' claims against the Investor Compensation Fund. 

Chairmen

  • HARTMANN Michael John, GBS
  • KWOK Hing-wai, Kenneth, SBS, SC, JP
  • TALLENTIRE Garry

Members

  • CHAN Lap-tak, Jeffrey
  • CHAN Mei-bo, Mable
  • CHAN Sze-oi, Rebecca
  • CHENG Wai-sum, Yvonne
  • CHEUNG Wing-han, Ivy
  • CHIN Vincent
  • CHING Kim-wai, Kerry
  • DATWANI Mohan
  • DING Chen
  • HO Chiu-ping, Dennis
  • HUI Ming-ming, Cindi
  • KONG Chi-how, Johnson
  • LAI Hin-wing, Henry
  • Prof LEUNG Siu-fai
  • MAK Kwong-fai
  • Dr MAK Sui-choi, Billy
  • MUH Yi-tong, Anthony
  • NG Joo-yeow, Gerry
  • SHIH Edith
  • TSANG Chi-wai, Roy
  • TSANG Kam-yin, Wendy
  • TSE Wai-ming, Timothy
  • WONG Hin-wing, Simon
  • WONG Kwok-ching, Jamee
  • YUEN Miu-ling, Wendy
  • ZEE Helen

 Leveraged Foreign Exchange Trading Arbitration Panel 

Responsibilities:

The Leveraged Foreign Exchange Trading Arbitration Panel arbitrates disputes between corporations licensed by the SFC for carrying out leveraged foreign exchange trading and their clients.

Chairman

  • LAM Yuk-kun, Lawrence

Deputy Chairman

  • LEE Pui-shan, Rosita

Members

  • CHAN Kang-muk, Woody
  • CHEUNG Tai-keung, Jack
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