Hong Kong Ordinances

MANDATORY PROVIDENT FUND SCHEMES ORDINANCE - SECT 21C

Regulations with respect to registered schemes

(Past version on 18/07/2008).
(Past version on 03/08/1999).

(1) Regulations may be made under section 46 as to the requirements and
standards that must be complied with in relation to-

   (a)  registered schemes; or

   (b)  applications for the registration of provident fund schemes.

(2) Those regulations may include requirements or standards as to the
following matters-

   (a)  the vesting in scheme members of accrued benefits;

   (b)  the acceptance by approved trustees of mandatory contributions,
        voluntary contributions and special contributions under Part IIIA in
        respect of scheme members; (Amended 30 of 2008 s. 5)

   (c)  the preservation of the accrued benefits of scheme members;

   (d)  the payment of accrued benefits to or in respect of scheme  members;

   (e)  the transfer of accrued benefits from one scheme to another or from
        one account in a scheme to another account in the same scheme;

   (f)  the investment of accrued benefits;

   (g)  (Repealed 18 of 2008 s. 29)

   (h)  the keeping of records (including accounting records) relating to
        registered schemes;

   (i)  the provision of information about the relevant scheme to
        scheme members;

   (j)  the preparation and publication of financial and other reports
        relating to schemes;

   (k)  the provision of information and documents to the Authority relating
        to schemes;

   (l)  the provision of information to other persons in relation to schemes;

   (m)  the financial viability of schemes (including their funding and
        solvency). (Added 4 of 1998 s. 2)