Hong Kong Ordinances

MANDATORY PROVIDENT FUND SCHEMES ORDINANCE - SECT 19D

Authority may require approved trustees to take actions necessary for paying special contributions

(1) The Authority may by a notice in writing require an approved  trustee of a
registered scheme to take any action, specified in the notice, that the
Authority reasonably considers to be necessary for the purpose of paying
special contributions.

(2) The Authority may specify in the notice—

   (a)  a manner in which the approved trustee must take the specified action;
        and

   (b)  a period that is reasonable in the circumstances within which the
        approved trustee must take the specified action.

(3) The action specified in the notice may include (but is not limited to)
registering a person specified in the notice as a member of the scheme and
opening a preserved account for that person.

(4) The approved trustee must, after receiving the Authority’s notice, take
the specified action in the specified manner within the specified period.

(5) Where—

   (a)  the action specified in a notice in writing given to an
        approved trustee of a registered scheme under subsection (1) is to
        register a person specified in the notice as a member of the scheme
        and to open a preserved account for that person; and

   (b)  the approved trustee takes the specified action in compliance with the
        requirements under subsection (4), that person is deemed to have
        agreed in writing to comply with the governing rules of the scheme.
        (Part IIIA added 30 of 2008 s. 4)