Welcome Message


Welcome to the Securities and Futures Appeals Tribunal's homepage.

The Tribunal is a full-time review body which is established under the Securities and Futures Ordinance (SFO) and chaired by a High Court Judge. Its statutory purpose is to act as a safeguard to ensure that regulatory decisions made by relevant regulatory authorities including the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority are reasonable and fair. It represents also one of the various initiatives under the SFO to enhance the SFC's accountability. 

This homepage contains readily accessible information about the Securities and Futures Appeals Tribunal and its work. It also contains the full text of all of Determinations or Reasons for Determination of concluded review cases handed down to date.