The Government today welcomed the publication of the annual report by the Process Review Panel for the Securities & Futures Commission (SFC), covering the panel’s work in 2023-24.

The Financial Services & the Treasury Bureau said the panel had conducted a thorough review of the SFC’s internal processes and procedures.

It elaborated that, in reviewing selected cases relating to enforcement, licensing, supervision of intermediaries, the handling of complaints, and more, the panel has made a number of observations and recommendations that will be instrumental to the fair and consistent exercise of the SFC's regulatory powers.

The bureau also thanked the panel’s chairman and members for their conscientious efforts in enhancing the SFC’s transparency and accountability.