Oversight role of the MPFA 積金局的監督角色

Oversight Powers and Responsibilities 監督權力與職責分工

The Mandatory Provident Fund Schemes Ordinance empowers the MPFA to oversee the eMPF Platform's operation. The MPFA exercises oversight, while the eMPF Company must fulfil its duties and obligations concerning platform operation; examination answers should keep these roles distinct. [Source: MPFA](https://www.mpfa.org.hk/en/info-centre/laws-and-regulations/others)

Purpose and Scope of the Regulatory Oversight Framework 規管監督框架的用途及範圍

The MPFA establishes the Regulatory Oversight Framework to set oversight requirements and guide the eMPF Company in fulfilling its duties and obligations. The framework also explains the processes and approaches the MPFA follows when overseeing the platform.

Assessing compliance involves the eMPF Company's governance, system safety, operational efficiency and observance of the operating rules. For example, fast transaction processing indicates efficiency; that fact alone does not establish compliance with the other oversight requirements. [Source: Regulatory Oversight Framework](https://www.mpfa.org.hk/en/-/media/files/information-centre/legislation-and-regulations/others/framework-for-regulatory-oversight-of-the-operation-of-an-electronic-mpf-system.pdf)

Operating Rules: Making and Approval 運作守則：誰訂立、誰批准

The eMPF Company makes the eMPF Platform operating rules, and the MPFA approves them. In questions matching responsibilities to organisations, identify making and approval as separate functions.

The rules govern the platform's administration, operation and suspension. The Regulatory Oversight Framework explains oversight requirements and methods, while the operating rules address how the platform is administered and operated, including suspension. [Source: MPFA Study Notes, Tenth Edition, section 8.4](https://www.mpfa.org.hk/en/-/media/files/supervision/mpf-intermediaries/registration-requirements/study_notes_10th_v1_eng.pdf#page=125)

On-Site Inspection and Off-Site Monitoring 實地巡查與非實地監察

The MPFA's oversight activities include on-site inspection and off-site monitoring. On-site inspection involves examining operations at the premises; off-site monitoring can involve reviewing information submitted by the eMPF Company.

Both methods help ascertain compliance with regulatory oversight requirements and the operating rules. Approval of the rules is therefore followed by monitoring of compliance in actual operations. [Source: Regulatory Oversight Framework](https://www.mpfa.org.hk/en/-/media/files/information-centre/legislation-and-regulations/others/framework-for-regulatory-oversight-of-the-operation-of-an-electronic-mpf-system.pdf)