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Home > Resolving Disputes > Becoming an FDRC Mediator and/or Arbitrator

Becoming an FDRC Mediator and/or Arbitrator

To be admitted to the FDRC List of Mediators / Arbitrators, an applicant has to fulfil the following requirements:

 

I. Preliminary Requirement

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A mediator or an arbitrator of a panel/list recognised by the Appointment Committee of the FDRC




Remarks:
The Appointment Committee shall have the power to consider and accept, on a case-by-case basis, an Applicant who is not a mediator or an arbitrator on the recognised panel/list.

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II. Training and Assessment Requirements

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Satisfactory completion of a training programme of the FDRC which includes:

Part I:
6 hours of classroom training on regulatory framework of the financial sector in Hong Kong, practical experience sharing and the FDRC workflow

Part II:
6 hours of classroom training and 20 hours of self study on financial products and their selling process

  1. Fulfilling the attendance requirement of Part I and a certificate of “satisfactorily completed” will be obtained;
  2. Fulfilling the attendance requirement together with passing the assessments of Part II and a certificate of “satisfactorily completed” will be obtained

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III. Experience Requirement

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Mediator
Proven relevant experience in mediating:

  1. at least 3 cases related to financial products
    (i.e. banking/investment activities regulated by HKMA/SFC) in the past 3 years; or
  2. at least 3 cases of commercial contract dispute between a body corporate and one or more individuals in the past 3 years

Arbitrator
Proven relevant experience as an arbitrator on the panel/list recognised by the Appointment Committee of the FDRC:

  1. at least 3 arbitration cases related to financial products (i.e. banking/investment activities regulated by HKMA/SFC) in the past 3 years; or
  2. at least 3 arbitration cases of commercial contract dispute between a body corporate and one or more individuals in the past 3 years

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IV. Application

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An applicant may apply to the Appointment Committee of the FDRC by submitting a prescribed Application Form together with the Application Fee, relevant certificates of the training programme and documentary proof of relevant experience (submit a reference letter stating the basis on which the referee is able to confirm the Applicant's experience)

Prior to admission, an applicant may be required by the Appointment Committee to take part in a personal interview if necessary

Applicants who are admitted will have their names included in the relevant List(s):
- FDRC List of Mediators
- FDRC List of Arbitrators

Remarks:

  1. The training programme and the application are to be completed within a 2-year period;
  2. Membership on the List shall be for a 2-year period and may be renewed subject to a proposed CPD
    requirement of at least 10 hours of training on CPD courses approved by FDRC; and
  3. FDRC Mediators and Arbitrators are required to adhere to the FDRC Terms of Reference in relation to FDRS, including
    the FDRS Mediation and Arbitration Rules and the Ethics Code for FDRC Mediators and Arbitrators. The Appointment Committee of FDRC may at its sole discretion remove any mediator or arbitrator who fails to adhere to the relevant rules, codes and requirements.

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V. Practice Note on Continuing Professional Development (CPD) Requirements

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Mediators and Arbitrators on the Lists are required to obtain a minimum of 10 CPD points during the 2 years immediately preceding renewal of membership. Proper and accurate CPD records shall be maintained by mediators and arbitrators on the Lists using the Form A-3.  Please refer to the “Continuing Professional Development (CPD) Requirements” as set out in the Standards and Procedures for Admission to the FDRC List of Mediators and FDRC List of Arbitrators for details.

For the CPD Course schedule, please refer to the Training session.

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FAQs for Mediators and Arbitrators

 

  1. What steps do I need to take to be enlisted on the FDRC List of Mediators or List of Arbitrators?
    • You have to be on the list / panel of any one of the organisations recognised by the FDRC.
    • You have satisfactorily completed an Approved Training Programme.
    • You have proven relevant experience as a mediator or as an arbitrator related to financial products or commercial contract disputes.
    • You have to submit together with the documentary proofs of the above together with a Form A-1 to the FDRC for the consideration of the FDRC Appointment Committee.

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  2. What is an Approved Training Programme?

    It is a training programme approved by the FDRC Appointment Committee, and in respect of its content which cover: -

    • Part 1: Regulatory Framework, FDRC Workflow and Experience Sharing, which is a 6 hours classroom training; and
    • Part 2: Financial Products and their Selling Process (offered by banks and brokerages), which includes 6 hours classroom training and a self-study package estimated to be completed in 20 hours.

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  3. When will be the next training?

    FDRC will organise Approved Training Programme from time to time. Please check our event calendar for details.

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  4. If I do not fulfill the requirements to be enlisted as the Mediator / Arbitrator at the time when I complete the approved training, can I still apply to become the FDRC Mediator / Arbitrator when I accumulate sufficient experience later on?

    Yes, you can apply to become the FDRC Mediator / Arbitrator when your accumulated experience fulfills the requirements within a 2-year period after the training.

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  5. What is the fee for the Approved Training Programme of the FDRC?

    The current fee for the Approved Training Programme of the FDRC is HKD3,000 (including self-study pack, lecture fee and assessment fee) and it is subject to change.

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  6. Is there any admission fee for being the FDRC Mediator / Arbitrator?

    There is no admission fee to be on the FDRC List of Mediators and List of Arbitrators. There is an application fee of HKD200 for first-time application for admission or a renewal fee of HKD200 payable upon application for renewal of membership to a List every 2 years.

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