Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 63

Amendments to governing rules of registered scheme not to take effect without Authority's approval

(Past version on 03/08/1999).

(1) Subject to subsection (2A), an approved trustee of a registered scheme
must notify the Authority in writing of any amendment proposed to be made to
the governing rules of the scheme and lodge with the Authority a copy of the
proposed amendment.

(2) Subject to subsection (2A), an amendment to the governing rules of
the scheme does not take effect until the Authority has given written notice
to the trustee that the Authority has approved it.

(2A) In respect of an amendment proposed to be made or made to the governing
rules in respect of or by a participation agreement of a registered scheme-

   (a)  subject to paragraph (b), subsections (1) and (2) shall not apply
        unless the amendment relates to mandatory contributions or voluntary
        contributions;

   (b)  subsections (1) and (2) shall not apply if the amendment is in a form
        approved by the Authority for the purposes of this section.

(3) In this section, a reference to an amendment to the governing rules of a
registered scheme includes a reference to addition of new provisions, or
substitution or omission of existing provisions, of those rules.
(2 of 2002 s. 21)