Hong Kong Ordinances

MANDATORY PROVIDENT FUND SCHEMES ORDINANCE - SECT 25

Duties of officers of corporate trustees

If the approved trustee of a registered scheme is a company, each of the
officers of the company has a duty to exercise a degree of care and diligence
sufficient to ensure that, as far as reasonably practicable, the company-

   (a)  complies with all requirements and standards prescribed by the 
        regulations referred to in section 21C; and

   (b)  fulfils the trustee's covenants (whether they are contained in
        the rules governing the scheme expressly or are implied because of
        section  24 ); and

   (c)  performs all duties imposed on the trustee in accordance with
        section 27. (Replaced 4 of 1998 s. 2)