Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 24

Application to include statement of investment policy

(1) An application must include a statement setting out the investment policy
(including the investment objectives) of the scheme.

(2) The statement of investment policy must include sufficient information to
enable scheme members to ascertain in relation to each constituent fund of
the scheme-

   (a)  the investment objectives of the fund; and

   (b)  the policy as to the kinds of securities and other assets in which the
        fund may be invested; and

   (c)  the policy as to the balance between different kinds of securities and
        other assets of the fund; and

   (d)  the policy regarding the acquisition, holding and disposal of
        financial futures contracts and financial option contracts for the
        purposes of the fund; and

   (e)  the risks inherent in implementing the policies referred to in
        paragraphs (b), (c) and (d) and the return expected to result from
        giving effect to those policies.