The Financial Secretary has, under the authority delegated by the Chief Executive, appointed two new Convenors and 12 new members to the Financial Reporting Review Panel (FRRP). Meanwhile, two Convenors and four members have been re-appointed.

     The appointments and re-appointments, made in accordance with the Financial Reporting Council (FRC) Ordinance (Cap. 588), are:

New Convenors and members appointed for a term of three years from July 16, 2019, to July 15, 2022:
Mr Ian Peter Farrar (Convenor)
Mr Wong Kim-man (Convenor)
Mr Hamilton Cheng Ping-hei 
Ms Candy Fong Wai-ling
Mr Byron Khoo
Mr Kenneth Lau Kwok-hung
Mr William Lo Chi-chung
Professor Mo Lai-lan
Mr Kenneth Graeme Morrison
Mr Simon John Riley
Mr Patrick Antonio Rozario
Ms Shelley So Hung
Mr James Gary Stevenson
Mr Jim Tang Yiu-chung

Members re-appointed for a term of one year from July 16, 2019, to July 15, 2020:
Professor Peter Cheng Shu-tong
Ms Teo Chew-ping

Convenors and members re-appointed for a term of three years from July 16, 2019, to July 15, 2022:
Dr Kam Pok-man (Convenor)
Mr Carmelo Lee Ka-sze (Convenor)
Mr Carlyon John Knight-Evans
Mr Lee Yin-toa

     A Government spokesman said, "The FRC is an important institution tasked to enhance the regulation of the accounting profession and corporate governance of companies listed in Hong Kong. One of the statutory functions of the FRC is to initiate enquiries concerning non-compliance with legal, accounting or regulatory requirements in a listed entity's financial reports.

     "As a statutory body established under the FRC Ordinance, the work of the FRRP is indispensable to the discharge of the FRC's statutory functions of enquiries. The FRRP will benefit from the rich experience and professional knowledge of the members."

     The spokesman added, "We would also like to take this opportunity to express our heartfelt appreciation to the outgoing Convenor, Mrs Catherine Morley, and the other 12 members for their valuable contributions to the work of the FRRP in the past years."

     When an enquiry case arises, the FRC will appoint one convenor and four or more members from the FRRP to form a Financial Reporting Review Committee which will enquire into the relevant non-compliance of the case. The Committee will submit an enquiry report on the case to the FRC for consideration and, where appropriate, follow-up action.

The following is issued on behalf of the Hong Kong Monetary Authority:
      
     The Hong Kong Monetary Authority (HKMA) noticed claims on the Internet, in the guise of the HKMA, alleging that a local bank may have funding issues.
      
     The HKMA would like to clarify that the claims are untrue and totally unfounded.
      
     The HKMA urges members of the public to be discerning when dealing with online information. HKMA official information is disseminated via the following channels:

• Press Releases: www.hkma.gov.hk/eng/key-information/press-releases/2019.shtml
• Facebook: www.facebook.com/hkmagovhk

     Sixty-one convictions were recorded in June 2019 for breaches of legislation enforced by the Environmental Protection Department (EPD).

     Eight of the convictions were under the Air Pollution Control Ordinance, six were under the Noise Control Ordinance, seven were under the Public Cleansing and Prevention of Nuisances Regulation, and 40 were under the Water Pollution Control Ordinance.

     The heaviest fine in June was $50,000, assessed against a construction company which used powered mechanical equipment without a valid construction noise permit.

     Sixty-one convictions were recorded in June 2019 for breaches of legislation enforced by the Environmental Protection Department (EPD).

     Eight of the convictions were under the Air Pollution Control Ordinance, six were under the Noise Control Ordinance, seven were under the Public Cleansing and Prevention of Nuisances Regulation, and 40 were under the Waste Disposal Ordinance.

     The heaviest fine in June was $50,000, assessed against a construction company which used powered mechanical equipment without a valid construction noise permit.

Attention TV/radio announcers:

Please broadcast the following as soon as possible and repeat it at regular intervals:

     Here is an item of interest to swimmers.

     The Leisure and Cultural Services Department has announced that the lifesaving services at Golden Beach in Tuen Mun District resumed today (July 11). The lifesaving services at the beach were suspended earlier due to an insufficient number of lifeguards on duty.