Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 36

Scheme may consist of a single constituent fund or of separate constituent funds

(Past version on 03/08/1999).

(1) A registered scheme may consist of a single constituent fund, or of 2 or
more constituent funds.

(2) A constituent fund must be approved by the Authority.

(3) If the scheme comprises 2 or more constituent funds, each of the funds
must have different investment policies so as to provide scheme members with a
choice as to the investment of their accrued benefits.

(4) The Authority may on application made by an approved trustee of a
registered scheme cancel the approval of a constituent fund of the  scheme. (1
of 2008 s. 30)

(5) An application under subsection (4) must-

   (a)  be in a form approved by the Authority; and

   (b)  contain such information, and be accompanied by such documents, as may
        be specified for the purposes of this section in the guidelines.

(1 of 2008 s. 30)

(6) The Authority may, by written notice, require an applicant to provide such
additional information and documents as are reasonably necessary to enable it
to determine the application. If such a requirement is not complied with
within a reasonable time specified in the notice, the Authority may reject the
application. (1 of 2008 s. 30)

(7) The approval granted in respect of each constituent fund of a registered
scheme is taken to be cancelled upon the cancellation of the registration of
the scheme. (1 of 2008 s. 30)