Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 71

Eligibility of delegate of custodian

Caution: This is a past version. See the current version here.

A person is not eligible to be a delegate of a custodian of scheme assets
unless the person-

   (a)  would be eligible to be a custodian of scheme assets;

   (b)  is an approved overseas bank or approved overseas trust company which
        complies with section 68(4); or

   (c)  is an overseas bank or overseas trust company which is a wholly-owned
        subsidiary of an approved overseas bank or approved overseas 
        trust company referred to in paragraph (b). (L.N. 223 of 2000)