Bills Committee on
Companies (Amendment) Bill 2004

Fourth meeting
on Thursday, 3 February 2005, at 8:30 am
in Conference Room A of the Legislative Council Building

AGENDA

I.Confirmation of minutes of meeting
(8:30 am - 8:32 am)

LC Paper No. CB(1)826/04-05
(issued vide LC Paper No. CB(1)827/04-05 on 31 January 2005)

-Minutes of third meeting held on 13 January 2005

II.Meeting with the Administration
(8:32 am - 10:30 am)

Part A: Matters arising from the second meeting on 16 December 2004

Administration's responses to two submissions received before the second meeting

LC Paper No. CB(1)681/04-05(02)
(English version issued on 11 January 2005) (Chinese version issued vide LC Paper No. CB(1)723/04-05 on 17 January 2005)

-Administration's response to the submissions from the Company & Financial Law Committee of The Law Society of Hong Kong and Linklaters

Part B: Matters arising from the third meeting on 13 January 2005

LC Paper No. CB(1)825/04-05(01)
(issued on 1 February 2005)

-"Follow-up to the third meeting on 13 January 2005" prepared by the Legislative Council Secretariat

LC Paper No. CB(1)825/04-05(02)
(English version issued on 1 February 2005)
(Revised pages 9 and 10 of English version issued vide LC Paper No. CB(1)843/04-05 on 2 February 2005)
(Chinese version issued vide LC Paper No. CB(1)843/04-05 on 2 February 2005)

-Paper provided by the Administration on "Follow-up actions arising from the discussion at the meeting on 13 January 2005"

LC Paper No. CB(1)843/04-05(01)
(English version only)
(issued on 2 February 2005)

-Sample Consolidated Financial Statements provided by the Hong Kong Institute of Certified Public Accountants

LC Paper No. CB(1)162/04-05(02)
(issued on 5 November 2004)

-Letter dated 1 November 2004 from the Assistant Legal Adviser to the Administration

LC Paper No. CB(1)453/04-05(17)
(issued on 10 December 2004)

-Reply dated 23 November 2004 from the Administration to the Assistant Legal Adviser

LC Paper No. CB(1)668/04-05(04)
(issued on 10 January 2005)

-Letter dated 24 December 2004 from the Assistant Legal Adviser to the Administration

LC Paper No. CB(1)825/04-05(03)
(issued on 1 February 2005)

-Reply dated 27 January 2005 from the Administration to the Assistant Legal Adviser

LC Paper No. CB(1)853/04-05(01)
(English version issued on 2 February 2005)
(Chinese version to follow)

-Letter dated 2 February 2005 from the Assistant Legal Adviser to the Administration

(A list of relevant papers previously issued is in the Appendix.)

III.Any other business
(10:30 am onwards)

Council Business Division 1
Legislative Council Secretariat
2 February 2005

Appendix

Other relevant papers previously issued

Background information on the Bill

LC Paper No. CB(3)41/04-05
(issued on 11 October 2004)

-The Bill

LC Paper No. CB(1)161/04-05(01)
(issued on 5 November 2004)

-Marked-up copy of the Companies (Amendment) Bill 2004

Ref: C2/1/57/2(04) Pt. 5
(issued on 6 October 2004)

-Legislative Council Brief issued by the Financial Services and the Treasury Bureau

LC Paper No. LS2/04-05
(issued vide LC Paper No. CB(2)47/04-05 on 14 October 2004)

-Legal Service Division Report

LC Paper No. CB(1)162/04-05(01)
(issued on 5 November 2004)

-Background brief prepared by the Legislative Council Secretariat

LC Paper No. CB(1)192/04-05(01)
(issued on 9 November 2004)

-Powerpoint presentation material provided by the Administration

Papers prepared by the Secretariat

LC Paper No. CB(1)453/04-05(15)
(issued on 10 December 2004)

-"Follow-up to the first meeting on 8 November 2004" prepared by the Legislative Council Secretariat

LC Paper No. CB(1)465/04-05(01)
(issued on 14 December 2004)

-Summary of submissions (Position as at 14 December 2004)

LC Paper No. CB(1)668/04-05(02)
(issued on 10 January 2005)

-"Follow-up to the second meeting on 16 December 2004" prepared by the Legislative Council Secretariat

LC Paper No. CB(1)668/04-05(05)
(issued on 10 January 2005)

-"Proposed work plan" prepared by the Legislative Council Secretariat

Papers provided by the Administration

LC Paper No. CB(1)453/04-05(16)
(issued on 10 December 2004)

-Paper provided by the Administration on "Follow-up actions arising from the discussion at the meeting on 8 November 2004"

LC Paper No. CB(1)668/04-05(03)
(English version issued on 10 January 2005)
(Chinese version issued vide LC Paper No. CB(1)692/04-05 on 12 January 2005)

-Paper provided by the Administration on "Follow-up actions arising from the discussion at the meeting on 16 December 2004"

Submissions received

LC Paper No. CB(1)453/04-05(01)(Revised)
(English version issued vide LC Paper No. CB(1)472/04-05 on 15 December 2004)
(Chinese translation issued vide LC Paper No. CB(1)647/04-05 on 6 January 2005)

-Submission dated 14 December 2004 from W H Lam & Company

LC Paper No. CB(1)453/04-05(02)
(English version issued on 10 December 2004)
(Chinese translation issued vide LC Paper No. CB(1)647/04-05 on 6 January 2005)

-Submission dated 9 December 2004 from The Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)530/04-05(03)
(English version only)
(issued on 17 December 2004)

-Information on financial impacts on banks due to accounts consolidation of special purpose entities for securitization purposes provided by the Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)530/04-05(04)
(English version only)
(issued on 17 December 2004)

-Example of UK's "linked-presentation" format for preparation of group accounts provided by the Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)453/04-05(03)
(Chinese version only)
(issued on 10 December 2004)

-Submission dated 3 December 2004 from The Chinese General Chamber of Commerce

LC Paper No. CB(1)453/04-05(04)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 23 November 2004 from the Securities and Futures Commission

LC Paper No. CB(1)453/04-05(05)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 26 November 2004 from The Association of Chartered Certified Accountants (Hong Kong)

LC Paper No. CB(1)453/04-05(06)
(Chinese translation and English version)
(issued vide LC Paper No. CB(1)465/04-05 on 14 December 2004)

-Submission dated 26 November 2004 from The Association of International Accountants (Hong Kong Branch)

LC Paper No. CB(1)453/04-05(07)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 27 November 2004 from the Standing Committee on Company Law Reform

LC Paper No. CB(1)453/04-05(08)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 29 November 2004 from The Hong Kong Institute of Company Secretaries

LC Paper No. CB(1)453/04-05(09)
(English version issued on 10 December 2004)
(Chinese translation issued vide LC Paper No. CB(1)465/04-05 on 14 December 2004)

-Submission dated 30 November 2004 from The Hong Kong Association of Restricted Licence Banks and Deposit-taking Companies

LC Paper No. CB(1)453/04-05(10)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 3 December 2004 from Company & Financial Law Committee, The Law Society of Hong Kong

LC Paper No. CB(1)453/04-05(11)
(Chinese and English versions)
(issued on 10 December 2004)

-Submission dated 7 December 2004 from Linklaters

LC Paper No. CB(1)453/04-05(12)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 11 November 2004 from Mr John BREWER

LC Paper No. CB(1)453/04-05(13)
(Chinese translation and English version)
(issued on 10 December 2004)

-Submission dated 21 November 2004 from Mr David M WEBB

LC Paper No. CB(1)530/04-05(02)
(Chinese and English versions)
(issued on 17 December 2004)

-Sample of group accounts (extract) provided by the Hong Kong Institute of Certified Public Accountants to illustrate the impact of the changes introduced by the Bill

LC Paper No. CB(1)647/04-05(01)
(Chinese translation and English version)
(issued on 6 January 2005)

-Submission dated 31 December 2004 from the Hong Kong Capital Markets Association

LC Paper No. CB(1)668/04-05(01)
(English version issued on 10 January 2005)
(Chinese translation issued vide LC Paper No. CB(1)692/04-05 on 12 January 2005)

-Submission dated 22 December 2004 from The Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)692/04-05(01)
(English version issued on 12 January 2005)
(Chinese translation to follow)

-Submission dated 10 January 2005 from The Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)692/04-05(03)
(English version issued on 12 January 2005)
(Chinese translation to follow)

-Hong Kong Mortgage Corporation Limited's letter dated 11 January 2005 commenting on the paper provided by the Administration (LC Paper No. CB(1)668/04-05(03))

LC Paper No. CB(1)709/04-05(01)
(English version issued on 14 January 2005)
(Chinese translation to follow)

-Submission dated 12 January 2005 from the Hong Kong Institute of Certified Public Accountants

Administration's response to submissions

LC Paper No. CB(1)453/04-05(14)
(issued on 10 December 2004)

-Administration's responses to six submissions from The Chinese General Chamber of Commerce, Mr David Webb, Securities and Futures Commission, The Association of Chartered Certified Accountants, The Standing Committee on Company Law Reform and The Hong Kong Institute of Company Secretaries

LC Paper No. CB(1)465/04-05(02)
(issued on 14 December 2004)

-Administration's responses to three submissions from The Association of International Accountants (Hong Kong Branch), The Hong Kong Association of Restricted Licence Banks and Deposit-taking Companies and W H Lam & Company

LC Paper No. CB(1)465/04-05(03)
(English version issued vide LC Paper No. CB(1)472/04-05 on 15 December 2004)
(Chinese version issued vide LC Paper No. CB(1)584/04-05 on 23 December 2004)

-Administration's responses to the submission from The Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)530/04-05(01)
(English version issued on 17 December 2004)
(Chinese version issued vide LC Paper No. CB(1)584/04-05 on 23 December 2004)

-Administration's responses to the submission dated 14 December 2004 from W H LAM & Company

Annex A to LC Paper No. CB(1)668/04-05(03)
(English version issued on 10 January 2005)
(Chinese version issued vide LC Paper No. CB(1)692/04-05 on 12 January 2005)

-Administration's response to the submission dated 22 December 2004 from The Hong Kong Mortgage Corporation Limited

LC Paper No. CB(1)681/04-05(01)
(English version issued on 11 January 2005)
(Chinese version issued vide LC Paper No. CB(1)723/04-05 on 17 January 2005)

-Administration's response to the submission from the Hong Kong Capital Markets Association

LC Paper No. CB(1)692/04-05(02)
(English version issued on 12 January 2005)
(Chinese version issued vide LC Paper No. CB(1)807/04-05 on 28 January 2005)

-Administration's preliminary response to the submission dated 10 January 2005 from The Hong Kong Mortgage Corporation Limited

Council Business Division 1
Legislative Council Secretariat
2 February 2005