Panel on Financial Affairs

Meeting on
Monday, 6 January 2014, at 9:00 am
in Conference Room 1 of the Legislative Council Complex

Agenda

I.

Confirmation of minutes of meeting and matters arising


(9:00 am - 9:02 am)

LC Paper No. CB(1)626/13-14
(issued on 30 December 2013)

-Minutes of the meeting on 4 November 2013

II.

Information papers issued since last meeting



LC Paper No. CB(1)497/13-14(01)
(issued on 11 December 2013)

-Letter dated 13 November 2013 from Hon KWOK Wai-keung on issues relating to the establishment of an independent Insurance Authority (Chinese version only)

LC Paper No. CB(1)497/13-14(02)
(issued on 11 December 2013)

-Administration's response dated 6 December 2013 to issues raised by Hon KWOK Wai-keung on the establishment of an independent Insurance Authority

LC Paper No. CB(1)552/13-14
(issued on 16 December 2013)

-Quarterly Report of the Securities and Futures Commission (July to September 2013)

III.

Date of next meeting and items for discussion


(9:02 am - 9:05 am)

LC Paper No. CB(1)625/13-14(01)
(issued on 2 January 2014)

-List of outstanding items for discussion

LC Paper No. CB(1)625/13-14(02)
(issued on 2 January 2014)

-List of follow-up actions

IV.

Briefing on the work of the Financial Services Development Council


(9:05 am - 10:05 am)

LC Paper No. CB(1)625/13-14(03)
(issued on 27 December 2013)

-Paper provided by the Financial Services Development Council

LC Paper No. CB(1)625/13-14(04)
(issued on 27 December 2013)

-Letter dated 11 December 2013 from Hon Dennis KWOK on issues relating to open-ended investment company and tax exemption to offshore private equity funds (English version only)

LC Paper No. CB(1)625/13-14(05)
(issued on 2 January 2014)

-Background brief on the establishment of the Financial Services Development Council prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.V.

Legislative proposal to provide an enabling environment for the introduction of an uncertificated securities regime


(10:05 am - 10:50 am)

LC Paper No. CB(1)625/13-14(06)
(issued on 27 December 2013)

-Administration's paper on "Legislative proposal to provide an enabling environment for the introduction of an uncertificated securities regime"

LC Paper No. CB(1)625/13-14(07)
(issued on 2 January 2014)

-Background brief on legislative proposal to provide an enabling environment for the introduction of an uncertificated securities regime prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.VI.

Proposed retention of supernumerary directorate posts in Financial Services Branch of the Financial Services and the Treasury Bureau


(10:50 am - 11:15 am)

LC Paper No. CB(1)625/13-14(08)
(issued on 27 December 2013)

-Administration's paper on "Retention of two supernumerary directorate posts in Financial Services Branch of the Financial Services and the Treasury Bureau to spearhead legislative initiatives relating to corporate insolvency, auditor regulatory reform, bankruptcy administration, the new Companies Ordinance (Cap. 622) and the reformed trust law"

LC Paper No. CB(1)625/13-14(09)
(issued on 2 January 2014)

-Background brief on retention of two supernumerary directorate posts in Financial Services Branch of the Financial Services and the Treasury Bureau prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.VII.

Proposed retention of a supernumerary directorate post in the Office of the Commissioner of Insurance for enforcing the anti-money laundering regime and regulating relevant mandatory provident fund intermediaries


(11:15 am - 11:40 am)

LC Paper No. CB(1)625/13-14(10)
(issued on 27 December 2013)

-Administration's paper on "Retention of a Supernumerary Directorate Post in the Office of the Commissioner of Insurance of the Financial Services and the Treasury Bureau (Financial Services Branch) for Enforcing the Anti-Money Laundering Regime and Regulating Mandatory Provident Fund Intermediaries"

LC Paper No. CB(1)625/13-14(11)
(English version issued on 2 January 2014, Chinese version issued on 3 January 2014 vide LC Paper No. CB(1)661/13-14)

-Background brief on retention of a supernumerary directorate post in the Office of the Commissioner of Insurance for enforcing the anti-money laundering regime and regulating relevant mandatory provident fund intermediaries prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.VIII.

Legislative proposals to enhance efficiency of the existing tax appeal mechanism


(11:40 am - 12:15 pm)

LC Paper No. CB(1)625/13-14(12)
(issued on 27 December 2013)

-Administration's paper on "Legislative Proposals to Enhance the Efficiency of the Existing Tax Appeal Mechanism"

LC Paper No. CB(1)625/13-14(13)
(issued on 2 January 2014)

-Background brief on legislative proposals to enhance the efficiency of the existing tax appeal mechanism prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.IX.

Development of Dutiable Commodities System in the Customs and Excise Department


(12:15 pm - 12:50 pm)

LC Paper No. CB(1)625/13-14(14)
(issued on 27 December 2013)

-Administration's paper on "Development of Dutiable Commodities System of the Customs and Excise Department"

X.

Any other business


(12:50 pm - 1:00 pm)

* All other Hon Legislative Council Members are invited to join the discussion of Agenda Items V to IX. Items V, VIII and IX involve legislative proposals. Items VI, VII and IX are related to staffing and financial proposals.

Council Business Division 1
Legislative Council Secretariat
3 January 2014