II. Regulatory Framework 規管架構

The MPFA supervises MPF scheme administration and management under MPF legislation and relevant codes and guidelines, and provides industry guidance through circulars and standards. It also acts as the Registrar of Occupational Retirement Schemes and oversees the eMPF Platform.

The MPFA protects scheme members through scheme registration, trustee approval and supervision, regulation of sales and advice, oversight of the electronic MPF system, reform and public education. Supervising prudent scheme administration does not guarantee investments against loss.

Functions of the MPFA

The SFC, IA and MA share responsibilities for regulating MPF products, service providers and intermediaries. Responsibility for supervising and investigating a registered MPF intermediary depends on the intermediary’s core business.

Securities and Futures Commission (SFC) · Insurance Authority (IA) · Monetary Authority (MA)

MPF legislation comprises the MPFSO and related subsidiary legislation, supplemented by codes, guidelines and standards that help the industry and scheme participants comply. Candidates should distinguish their purposes and issuing bodies, and know when and why the statutory regulatory regime for MPF intermediaries began.

Mandatory Provident Fund Schemes Ordinance (MPFSO) · MPF Subsidiary Legislation · MPF Codes, Guidelines and Standards · Legislation on the Regulation of MPF Intermediaries