What are SFC's delegated regulatory committees?

• A. Takeovers and Mergers Panel; Takeovers Appeal Committee; Products Advisory Committee; Investor Compensation Fund Committee; Academic & Accred. Advisory Committee; Share Registrars' Disciplinary Committee
• B. Takeovers and Mergers Panel; Investor Compensation Fund Committee
• C. Products Advisory Committee; Academic & Accred. Advisory Committee
• D. Investor Compensation Fund Committee; Share Registrars' Disciplinary Committee

Answer: (A)

Delegated regulatory committees are specialized panels empowered by the SFC to exercise specific regulatory powers in distinct areas, allowing focused and timely decisions within the securities and futures framework.

The complete set includes six committees: the Takeovers and Mergers Panel, which handles matters under the Takeovers Code and related cases; the Takeovers Appeal Committee, which reviews appeals against decisions in takeover matters; the Products Advisory Committee, which provides expert input on investment product matters; the Investor Compensation Fund Committee, which administers the Investor Compensation Fund and related claims; the Academic & Accreditation Advisory Committee, which advises on academic standards and accreditation for relevant qualifications; and the Share Registrars' Disciplinary Committee, which deals with disciplinary issues involving share registrars.

This collection reflects the variety of regulatory functions that require specialized expertise and formal proceedings, from corporate control and product oversight to investor protection and professional accreditation. The other options omit one or more of these committees, making them incomplete representations of SFC’s delegated regulatory structure.