Corporate governance

Independent panels and tribunals

The Process Review Panel for the Securities and Futures Commission 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 for the Securities and Futures Commission  

Responsibilities:

The panel reviews and advises the SFC on the adequacy of the SFC's 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 authorisation, the receipt and handling of complaints, investigative, disciplinary and enforcement actions, and corporate finance transactions (including the administration of the Listing Rules).

The panel's reports on the SFC are submitted to the Financial Secretary annually. Such reports are also available below and on the Financial Services and the Treasury Bureau's website.

Chairman

  • LEE Kam-hung, Lawrence, BBS, JP

Members

  • CHAN Lap-tak, Jeffrey
  • CHAN, Lena
  • CHAU Suet-fung, Dilys
  • CHING Kim-wai, Kerry
  • CHUA Suk-lin, Ivy
  • CHUI Yik-chiu, Vincent
  • KWAN Wing-han, Margaret
  • KWOK Tun-ho, Chester
  • LAI Hin-wing, Henry
  • Dr MAK Sui-choi, Billy
  • TSANG Sui-cheong, Frederick
  • ZEE, Helen

Ex-officio Members

  • Tim LUI, SBS, JP
  • YUNG Lap-yan
Reports Date
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2019-2020 Dec 2020
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2018-2019 Jan 2020
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2017-2018 Oct 2018
Process Review Panel Annual Report for the Securities and Futures Commission- Annual Report 2016-2017 Dec 2017
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2015-2016 Oct 2016
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2014-2015 Oct 2015
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2013-2014 Mar 2015
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2012-2013 Oct 2013
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2011-2012 Sep 2012
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2010-2011 Sep 2011
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2009-2010 Sep 2010
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2008-2009 Sep 2009
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2007 Sep 2008
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2006 Sep 2007
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2005 Jul 2006
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2004 Jun 2005
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2003 May 2004
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2002 May 2003
Process Review Panel Annual Report for the Securities and Futures Commission - Annual Report 2001 May 2002

Securities and Futures Appeals Tribunal  

Responsibilities:

The tribunal is chaired by current or former judges appointed by the Chief Executive of the Hong Kong Special Administrative Region and comprises two other members drawn from a panel appointed by the Financial Secretary under delegated authority. The tribunal reviews the SFC's regulatory decisions made under the Securities and Futures Ordinance and hears and determines any question or issue 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
  • LUNN Michael Victor, GBS
  • MCWALTERS Ian Charles, GBS, JP

Members

  • CHAN Chun-hung, Vincent
  • Prof CHAN Koon-hung
  • Prof CHAN Ka-lok
  • CHAN Mei-bo, Mable
  • CHAN Siu-ping, Chordio
  • CHAN Yuen-shan, Florence
  • CHEN Xin, Lorna
  • CHENG Wai-sum, Yvonne
  • CHEUNG Wai-kwok, Gary
  • CHING Kim-wai, Kerry
  • HUI Ming-ming, Cindi
  • KONG Chi-how, Johnson
  • LAM Chi-yuen, Nelson
  • LEUNG Ming-hym, Peter
  • Prof LEUNG Siu-fai
  • MAK Kwong-fai
  • SHIH Edith
  • TANG Hamilton Ty
  • Dr TO Wing, Christopher
  • WONG Hin-wing, Simon
  • WONG Kwok-ching, Jamee
  • YAU Yu-xin, Amelia
  • YIP Chai-tuck
  • YUEN Miu-ling, Wendy
  • YUEN Siu-bun, Edward

Leveraged Foreign Exchange Trading Arbitration Panel 

Responsibilities:

The panel arbitrates disputes between corporations licensed by the SFC for carrying out leveraged foreign exchange trading and their clients.

Chairman

  • LEE Pui-shan, Rosita

Deputy Chairman

  • CHAN Siu-ping, Chordio

Members

  • FUNG Kit-ming, Veronica
  • LEUNG Bon-yuen, Eviana
  • LEUNG Tak-lap

Last update: 4 Oct 2021

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