Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 80

Approved trustee to prepare statement of accounting policies

(1) As soon as practicable after becoming the approved trustee of a registered
scheme, the trustee must prepare a statement of accounting policies specifying
the accounting policies to be followed in preparing financial statements for
the scheme under section 81.

(2) The statement must specify the basis on which the assets of the registered
scheme are valued or are to be valued and the basis on which amounts are or
are to be regarded as income from the investment of those assets.

(3) The trustee may, from time to time, substitute for a statement of
accounting policies a new statement of accounting policies or vary a statement
so prepared or substituted.