Panel on Financial Affairs

Meeting on
Monday, 5 January 2015, at 10:00 am
in Conference Room 1 of the Legislative Council Complex

Agenda

I.

Confirmation of minutes of meeting and matters arising


(10:00 am - 10:02 am)

LC Paper No. CB(1)379/14-15
(issued on 22 December 2014)

-Minutes of the meeting on 3 November 2014

II.

Information papers issued since last meeting



LC Paper No. CB(1)233/14-15(01)
(issued on 17 November 2014)

-Third Quarter Economic Report 2014 and the press release

LC Paper No. CB(1)242/14-15(01)
(issued on 18 November 2014)

-Third quarterly report of 2014 on "Employees Compensation Insurance - Reinsurance Coverage for Terrorism"

LC Paper No. CB(1)360/14-15
(issued on 16 December 2014)

-Quarterly Report of the Securities and Futures Commission (July to September 2014)

LC Paper No. CB(1)372/14-15(01)
(issued on 18 December 2014)

-Press release on accrual-based consolidated financial statements of the Government for the year ended 31 March 2014

LC Paper No. CB(1)390/14-15(01)
(issued on 29 December 2014)

-Information paper on "Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Amendment of Schedule 2) Notice 2015"

III.

Date of next meeting and items for discussion


(10:02 am - 10:05 am)

LC Paper No. CB(1)385/14-15(01)
(issued on 30 December 2014)

-List of outstanding items for discussion

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of agenda items IV to VII. Items IV to VI involve legislative proposals whereas item VII is a staffing proposal.IV.

Proposed implementation of the first phase of the over-the-counter derivatives regulatory regime in Hong Kong


(10:05 am - 10:35 am)

LC Paper No. CB(1)269/14-15(04)
(issued on 24 November 2014)

-Administration's paper on "First Phase of Implementation of the Over-the-counter Derivatives Regulatory Regime in Hong Kong"

LC Paper No. CB(1)269/14-15(05)
issued on 27 November 2014)

-Background brief on the over-the-counter derivatives regulatory regime in Hong Kong prepared by the Legislative Council Secretariat

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of agenda items IV to VII. Items IV to VI involve legislative proposals whereas item VII is a staffing proposal.V.

Proposed revision of fees and charges for services under the Customs and Excise Department


(10:35 am - 11:05 am)

LC Paper No. CB(1)269/14-15(06)
(issued on 24 November 2014)

-Administration's paper on "Proposed Revision of Fees and Charges for Services under the Customs and Excise Department"

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of agenda items IV to VII. Items IV to VI involve legislative proposals whereas item VII is a staffing proposal.VI.

Proposed extension of profits tax exemption for offshore funds to private equity funds


(11:05 am - 11:50 am)

LC Paper No. CB(1)385/14-15(02)
(issued on 24 December 2014)

-Administration's paper on "Legislative Proposal to Extend Profits Tax Exemption for Offshore Funds to Private Equity Funds"

*Legend symbol denoting All other Hon Legislative Council Members are invited to join the discussion of agenda items IV to VII. Items IV to VI involve legislative proposals whereas item VII is a staffing proposal.VII.

Proposal for staffing support to implement regulatory reforms for the insurance industry


(11:50 am - 12:25 pm)

LC Paper No. CB(1)385/14-15(03)
(issued on 24 December 2014)

-Administration's paper on "Creation/extension of Supernumerary Directorate Posts in the Financial Services and the Treasury Bureau (Financial Services Branch) for establishing an independent Insurance Authority"

LC Paper No. CB(1)385/14-15(04)
(issued on 30 December 2014)

-Background brief on proposal for staffing support to implement regulatory reforms for the insurance industry prepared by the Legislative Council Secretariat

VIII.

Any other business


(12:25 pm - 12:30 pm)

* All other Hon Legislative Council Members are invited to join the discussion of agenda items IV to VII. Items IV to VI involve legislative proposals whereas item VII is a staffing proposal.

Council Business Division 1
Legislative Council Secretariat
30 December 2014