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The Government welcomes the Financial Dispute Resolution Centre's (FDRC) re-appointment of Mr Fred Kan as a non-official Director to the Board of the FDRC. His term will be two years with effect from tomorrow (September 1) until August 31, 2017.
A government spokesman said today (August 31), "We welcome Mr Kan to continue serving on the Board of the FDRC and express our heartfelt thanks for his invaluable contributions to the Board over the past two years."
The FDRC administers an independent and impartial financial dispute resolution scheme to provide individual customers with an alternative avenue which is independent and affordable for resolving monetary disputes with financial institutions by way of "mediation first, arbitration next". The FDRC is governed by a Board of Directors comprising the non-official Chairman, four non-official members, three representatives each from the Financial Services and the Treasury Bureau, the Hong Kong Monetary Authority and the Securities and Futures Commission, and the Chief Executive Officer of the FDRC.
Ends/Monday, August 31, 2015
Issued at HKT 11:42
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