(b)
- 63 -
We agree that the involvement of banking groups in a variety of banking and investment activities requires close liaison between banking supervisors and securities regulators. For this reason, there are established links between the HKMA and the Securities and Futures Commission (SFC). Apart from routine exchange of information, the HKMA and SFC consult each other closely on issues of common interest; monthly meetings are held to discuss operational issues regarding the activities of institutions subject to contemporaneous regulation by both regulators. In addition, a Working Party on Supervisory Co-operation has been established recently to consider, among other things, how liaison might be further strengthened. The Working Party has recently completed its report. It is intended that this should be used to develop a Memorandum of Understanding between the HKMA and SFC to cover the broad framework of co-ordinated supervision of banking groups.
End/Wednesday, March 29, 1995
Intellectual property rights in schools
Following is a question by the Hon Timothy Ha Wing-ho and a reply by the Secretary for Education and Manpower, Mr Michael Leung, in the Legislative Council today (Wednesday):
Question:
Teaching and learning activities at schools often involve the use of teaching and learning materials that have intellectual property rights implications, such as photocopies of books and publications, cassette and video tapes, music scores and scripts, and computer software etc. In view of the concern expressed by the international community and various sectors of the local community over the issue of intellectual property rights, will the Government inform this Council whether :
(a)
any survey has been conducted in the last three years on the use of teaching and learning materials involving intellectual property rights in schools; if so, what the findings of the survey are; if not, why not;