1964_SECURITIES_AND_FUTURES_COMMISSION_ORDINANCE — Page 26

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CAP. 24]

Securities and Futures Commission

[1989 Ed.

(ii) a statement whether, in such opinion, the balance sheet for such financial year gives a true and fair view of the Commission's financial affairs at the end of that financial year.

(2) The Financial Secretary shall cause a copy of the auditors' report and a copy of the statement of accounts to be laid on the table of the Legislative Council.

(3) The Director of Audit or any other public officer authorized by him for the purposes of this subsection may at any reasonable time examine any account, record or other document kept by the Commission and, if he thinks fit, make a copy of the whole or any entry in any such document.

(4) An auditor appointed under subsection (1) shall have a right of access at all reasonable times to the books, accounts, vouchers and other records of the Commission and shall be entitled to require from the officers of the Commission such information and explanations as he considers necessary for the performance of his duties as auditor.

17. Investment of funds

Funds of the Commission which are not immediately required may be invested by the Commission in such manner as the Financial Secretary shall approve.

PART III

SECURITIES AND FUTURES APPEALS PANEL

18. Constitution of Appeals Panel

(1) For the purposes of hearing appeals under this Part, there shall be a panel to be known as the Securities and Futures Appeals Panel.

(2) The Panel shall consist of the following members appointed by the Governor-

(a) a chairman and a deputy chairman (not being directors or employees of the Commission) each of whom shall be a barrister qualified to practise as such or a solicitor qualified to act as such under the Legal Practitioners Ordinance (Cap. 159);

(b) not less than 4 members who shall be non-executive directors of the Commission; and

(c) 5 members who are not directors or employees of the Commission. (Amended L.N. 259 of 1989)