This status is subject to final adoption of new legislation. </br> Qualifying assets refers to any patent under the Patents Act (Cap 221) or the equivalent law of any country or territory, or an application for a patent under the Patents Act or the equivalent law of any country or territory; and any copyright subsisting in software by virtue of the Copyright Act (Cap 63) or the equivalent law of any country or territory. (Please refer to Qualifying IPR in Regulation 2 of Draft Reg. 2018.)