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Appointments to Resolvability Review Tribunal and Resolution Compensation Tribunal
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     The Chief Executive has re-appointed 17 serving members to the panel of the Resolvability Review Tribunal (RRT) and appointed one new member and re-appointed 17 serving members to the panel of the Resolution Compensation Tribunal (RCT) for a new term from April 1, 2022, to March 31, 2024.

     The lists of members of the RRT and RCT panels for the new term are as follows:

RRT
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Re-appointed members

Mr Vincent Chan Chun-hung
Ms Florence Chan Yuen-shan
Ms Winnie Cheung Chi-woon
Mr Louis Chow Ka-leung
Ms Loretta Fong Wan-huen
Mr Eugène Kieren Thomas Goyne
Mr Edward Ho Man-tat
Dr Hu Zhanghong
Ms Sammy Koo Chi-sum
Dr Angela Ng Lai-ping
Mr Jeremy Robert Porter
Ms Sabita Prakash
Mr Alexander Tang Hing-lam
Ms Winnie Wong Chi-shun
Mr Patrick Wu Yung-wei
Dr Yuen Wai-kee
Dr Paul Yung Pui-yip

RCT
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New appointee

Mr Jackson Woo Ka-biu

Re-appointed members

Ms Annie Chan Wai-hing
Dr Abril Choy Fung-peng
Mr Michael Fung Lik-yeung
Ms Samantha Ho Shuk-yee
Mr Eric Hui Kam-kwai
Mr Garth Brian Jones
Mr Peter Kung
Ms Josephine Kwan Wai-tuen
Mr Henry Stephen Lai Hin-wing
Ms Norris Lam Man-ngar
Ms Angela Leung Wai-tuen
Dr Gladie Lui Man-ching
Mr John Martin Maguire
Dr Kelvin Mak Po-lung
Mr Timothy Keith Pogson
Mr Rupert James Purser
Mr Roy Tsang Chi-wai

     Welcoming the above appointments today (March 25), the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, "The RRT and the RCT strengthen the appellate mechanism under the resolution regime and provide an effective safeguard to ensure that the relevant decisions made by the resolution authorities and independent valuer are reasonable and fair."

     Mr Hui thanked the outgoing members, Mr Chan Kam-hon and Mr Anthony Chiu Ling-cheong, for their support for the work of the RRT and the RCT respectively.

     The RRT and the RCT are statutory tribunals established under the Financial Institutions (Resolution) Ordinance (Cap. 628) to hear appeals from persons aggrieved by the specified decisions made by the resolution authorities and independent valuer. The Monetary Authority, the Insurance Authority and the Securities and Futures Commission are the resolution authorities under the Ordinance and are vested with a range of powers to effect orderly resolution for maintaining the stability of the financial system of Hong Kong. An independent valuer decides whether any pre-resolution creditor or shareholder is eligible for a payment of compensation. The chairperson of the RRT and the RCT is Mr Anson Wong Man-kit, SC.
 
Ends/Friday, March 25, 2022
Issued at HKT 11:00
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