Panel on Financial Affairs

Special meeting on Tuesday, 12 October 2010 at 2:30 pm
in the Chamber of the Legislative Council Building

Agenda

*I.Proposed establishment of an independent Insurance Authority
(2:30 pm - 5:25 pm)

Meeting with deputations and the Administration

  1. The Insurance Institute of Hong Kong

  2. Society of Certified Financial Organizer
    (LC Paper No. CB(1)3015/09-10(01) - attached - Chinese version only)

  3. The Institute of Financial Planners of Hong Kong
    (LC Paper No. CB(1)3008/09-10(01) - issued on 8 October 2010 - English version only)

  4. The Hong Kong Federation of Insurers
    (LC Paper No. CB(1)3008/09-10(02) - issued on 8 October 2010 - English version only)

  5. Hong Kong Insurance Practitioners General Union

  6. The Hong Kong Confederation of Insurance Brokers
    (LC Paper No. CB(1)2969/09-10(01) - issued on 5 October 2010 - English version only); and
    (LC Paper No. CB(1)3008/09-10(03) - issued on 8 October 2010 - English version only)

  7. Consumer Council
    (LC Paper No. CB(1)2969/09-10(02) -issued on 5 October 2010)

  8. Democratic Alliance for the Betterment and Progress of Hong Kong

  9. Professional Insurance Brokers Association

  10. Ms CHUNG Kwan-chun, member of Sai Kung District Council

  11. General Agents and Managers Association of Hong Kong Limited

  12. Hong Kong Society of Certified Insurance Practitioners
    (LC Paper No. CB(1)2969/09-10(03) - issued on 5 October 2010 - English version only)

  13. Hong Kong Chamber of Insurance Intermediaries
    (LC Paper No. CB(1)2969/09-10(04) - issued on 5 October 2010)

  14. The Hong Kong General Insurance Agents Association Limited

  15. The Life Underwriters Association of Hong Kong Limited
    (LC Paper No. CB(1)2969/09-10(05) - issued on 5 October 2010 - English version only)

  16. The Independent Financial Advisors Association Limited
    (LC Paper No. CB(1)3008/09-10(04) - issued on 8 October 2010 - English version only)
Submissions from organizations/individuals not attending the meeting

  1. Mr LARM Wai-leung, member of North District Council
    (LC Paper No. CB(1)2969/09-10(06) - issued on 5 October 2010 - Chinese version only)

  2. Ms WONG Mo-tai, BBS, MH, JP, member of Shatin District Council
    (LC Paper No. CB(1)2969/09-10(07) - issued on 5 October 2010 - Chinese version only)

  3. The Insurance Agents Registration Board
    (LC Paper No. CB(1)3008/09-10(05) - issued on 8 October 2010 - English version only)

  4. Mr YEUNG Wai-sing, MH, member of the Eastern District Council
    (LC Paper No. CB(1)3015/09-10(02) - attached - Chinese version only)

  5. The Hong Kong Association of Banks
    (LC Paper No. CB(1)3015/09-10(03) - attached - English version only)
Other relevant papers

LC Paper No. CB(1)2525/09-10(01)
(issued on 12 July 2010)

-Administration's paper on "Proposed establishment of an independent Insurance Authority"

LC Paper No. CB(1)2525/09-10(02)
(issued on 12 July 2010)

-Administration's consultation paper on "Proposed establishment of an independent Insurance Authority"

LC Paper No. CB(1)2522/09-10
(issued on 15 July 2010)

-Background brief on proposed establishment of an independent Insurance Authority prepared by the Legislative Council Secretariat

LC Paper No. CB(1)2604/09-10(01)
(issued on 19 July 2010)

-Administration's paper on "Proposed establishment of an Independent Insurance Authority" (Power-point presentation materials)

LC Paper No. CB(1)2933/09-10
(issued on 29 September 2010)

-Minutes of special meeting on 19 July 2010 (Paragraphs 1 to 34 are relevant)

II.Any other business
(5:25 pm - 5:30 pm)

* All other Hon Members of Legislative Council are invited to join the discussion of agenda item I, which involves a legislative proposal.

Council Business Division 1
Legislative Council Secretariat
11 October 2010