Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 27

Eligibility of approved trustees of employer sponsored scheme

(1) If all the approved trustees of an employer sponsored scheme are natural
persons, at least one of those trustees must be an independent trustee and the
others must be members of the scheme.

(2) If one or more of the approved trustees of an employer sponsored scheme
are companies and the others are natural persons, each of the natural persons
must either be an independent trustee or a member of the scheme.

(3) A person is an independent trustee for the purposes of this Part only if
the person continues to satisfy the requirements set out in section 23(5).