SFC welcomes IOSCO’s appointment

During 2009 the SFC in Hong Kong conducted a number of two hour visits to alternative asset managers with the purpose being to better understand their different businesses, investment strategies, control environment and outlook.  Stephen Po, the Director of Intermediaries Supervision attended those meetings.

This week the SFC announced that Mr Po had been appointed to head one of IOSCO's standing committees.

We wish Stephen all the best.  The SFC announcement is below:

The Securities and Futures Commission (SFC) welcomes the appointment by the International Organization of Securities Commissions (IOSCO) of Mr Stephen Po to the position of Chairman of the IOSCO Standing Committee 3 (SC3) on Regulation of Market Intermediaries.

Mr Po is currently Senior Director and head of the SFC’s Intermediaries Supervision Department.

SC3 is part of IOSCO’s standard setting body that is responsible for reviewing and proposing standards on the regulation and supervision of market intermediaries in a cross-border environment. SC3 currently comprises members from 16 regulatory authorities in Europe, the United States and Asia.

“Stephen has been closely involved in developing and implementing initiatives to strengthen the business conduct and prudential regulation of intermediaries. I am confident that his extensive experience in this area will prove to be a valuable asset to IOSCO. Stephen’s appointment to chair the SC3 is yet another indication of the SFC’s strong continued support of IOSCO’s initiatives to improve global market standards”, the SFC’s Chief Executive Officer, Mr Martin Wheatley said (Note 1).