Panel on Financial Affairs

Meeting on Monday, 4 July 2011 at 10:45 am
in Conference Room A of the Legislative Council Building

Agenda

I.Confirmation of minutes and endorsement of the draft report of the Panel for submission to the Legislative Council

LC Paper No. CB(1)2478/10-11
(issued on 15 June 2011)

-Minutes of special meeting on 28 March 2011

LC Paper No. CB(1)2556/10-11
(issued on 22 June 2011)

-Minutes of meeting on 9 May 2011

LC Paper No. CB(1)2602/10-11
(issued on 29 June 2011)

-Draft report of the Panel for submission to the Council

II.Information papers issued since the last meeting

LC Paper No. CB(1)2506/10-11(01) and (02)
(issued on 17 June 2011)

-Referrals from the Complaints Division regarding repurchase offers by Standard Chartered Bank (Hong Kong) to eligible customers holding outstanding equity linked notes issued and guaranteed by Lehman Brothers (Restricted to members only)

LC Paper No. CB(1)2535/10-11
(issued on 21 June 2011)

-Referral from the Complaints Division - Policy issues relating to suspension of trading and subsequent buyback of four derivative warrants linked to the Nikkei 225 Index issued by Goldman Sachs Structured Products (Asia) Limited (Restricted to members only)

LC Paper No. CB(1)2558/10-11(01)
(issued on 22 June 2011)

-Hong Kong Mortgage Corporation Limited 2010 Annual Report

LC Paper No. CB(1)2571/10-11(01)
(issued on 24 June 2011)

-Submission from a member of the public dated 20 June 2011 regarding repurchase offers made by Standard Chartered Bank (Hong Kong) to eligible customers holding outstanding equity linked notes issued and guaranteed by Lehman Brothers (Restricted to members only)

LC Paper No. CB(1)2585/10-11(01)
(issued on 24 June 2011)

-Administration's paper on review of notification and appeal system for disclosure of information under comprehensive avoidance of double taxation agreements

*III.Detailed proposals for the establishment of an independent Insurance Authority
(10:45 am - 11:30 am)

LC Paper No. CB(1)2590/10-11(01)
(issued on 24 June 2011)

-Administration's paper on "Consultation conclusions and detailed proposals on the proposed establishment of an Independent Insurance Authority"

LC Paper No. CB(1)2600/10-11
(issued on 29 June 2011)

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

*IV.Professional Accountants (Amendment) Bill 2011
(11:30 am - 12:00 noon)

LC Paper No. CB(1)2601/10-11(01)
(issued on 27 June 2011)

-Paper on "The Hong Kong Institute of Certified Public Accountants' Proposed Member's Bill to amend the Professional Accountants Ordinance (Cap. 50)" provided by Hon Paul CHAN's office

*V.Proposal of the Securities and Futures Commission for a Short Position Reporting Regime
(12:00 noon - 12:40 pm)

LC Paper No. CB(1)2601/10-11(02)
(issued on 27 June 2011)

-Administration's paper on "Proposal of the Securities and Futures Commission for a Short Position Reporting Regime"

VI.Any other business
(12:40 pm - 12:45 pm)

* All other Hon Members of Legislative Council are invited to join the discussion of agenda items III to V, which involve legislative proposals.

Council Business Division 1
Legislative Council Secretariat
29 June 2011