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Under the DPS Ordinance, certain decisions of the Board and the HKMA can be the subject of an appeal to the Deposit Protection Appeals Tribunal (the Tribunal). These include the Board's decisions regarding whether a foreign bank branch can be exempted from participation in the DPS, the amount of contribution payable by a Scheme member, and the amount of compensation payable to a depositor, as well as the HKMA's decision to impose an asset maintenance requirement on a Scheme member.
The Tribunal was established in January 2005. Mr Simon Herbert Mayo, a former Vice-President of the Court of Appeal of the High Court, was appointed by the Chief Executive as the Chairman of the Tribunal. Members of the Tribunal are appointed by the Financial Secretary from a panel of six persons. The panel members are listed below. Sittings of the Tribunal will be convened on an as needed basis.
Chairman:
Mr. Simon Herbert MAYO, G.B.S.
Members:
- Professor Charles David BOOTH
- Professor Simon HO Shun-man
- Miss Winnie LUN Pong-hing
- Mrs Mabel LUI Fung Mei-yee
- Mr. Rupert James PURSER
- Mr. James WARDELL
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