Hong Kong’s paramount regulator, the Securities and Futures Commission (SFC), has announced the re-appointment of two of its executive directors, according to an SFC statement.
The two re-appointments will see Brian Ho and Mr. Keith Lui retain their respective positions as Executive Directors for the duration of three-year terms, which will be effective starting on August 28, 2015.
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In particular, both Mr. Ho and Lui are the SFC’s acting Executive Directors of the Corporate Finance division and Supervision of Markets division respectively. Their latest string of re-appointments has followed after recurring candidacies dating back to 2006, when they were each selected for the executive positions. The moves will see a continuation of the SFC’s policy to promote transparency, which has managed to police the financial services market in Hong Kong.
According to the SFC’s Chief Executive Officer (CEO) Ashley Alder in a recent statement on the re-appointments, “I am pleased with the Financial Secretary’s decision to re-appoint Brian and Keith, both of whom have served the SFC for over two decades and have made significant contributions to the SFC. I look forward to continuing working with them closely in their new term.”
The SFC recently made headlines after it took disciplinary action against Nomura International (Hong Kong) Limited (Nomura Hong Kong), publically reprimanding and fining the firm HK$4.5 million for failing to report significant misconduct by a former trader in a timely manner last month.